Industry News by Nemesis

Hong Kong's Polished Imports Up Slightly by 0.6% in Q3

November 22, 2017

Hong Kong’s polished-diamond imports grew slightly in the third quarter by about 0.6% to $4.71 bn during the period ending September 30, according to a report in Rapaport. 


The report adds that by volume, polished imports declined 3.4% to 5 mn cts, while the average price jumped 4.2% to $934 per ct. 


Hong Kong’s polished exports rose 2.2% to $3.59 bn for the quarter. 


Rough imports rose 28% to $376.7 mn, with rough exports up 26% to $552.8 mn. Net rough imports stood at $176.1 mn, compared with to $75.8 mn a year ago, as outbound shipments exceeded inbound trade. 


Hong Kong’s net diamond account, reflecting total rough and polished imports minus total exports, dropped 8% to $948.7 mn says the report. 


As per the report, polished imports to Hong Kong grew 7% to $14.07 bn in the first nine months of the year, with imports from India, the largest source, rising 16% to $6.77 bn. 

 

Source: Rough-Polished

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