"Robust Recovery" for Israel Diamonds, despite Holiday Dip

By John Jeffay / October 07, 2021 / www.idexonline.com / Article Link

(IDEX Online) - Israel's diamond industry is maintaining its "robust recovery" according to new figures, although trade dipped during September's Jewish holiday season. Net imports of rough diamonds in the first three months were $1.47bn, a year-on-year increase of 137 per cent, according to the Ministry of Economy and Industry. Net exports for the same period were $1.34bn, up 160 per cent.In September net rough imports fell 13 per cent to $85m and net polished exports were down by 42 per cent to $197m.Net polished imports rose 38 per cent during the month to $214m, while net rough exports were up 85 per cent to $180m.Arnon Juwal, chairman of the Israel Diamond Institute, said: "The Israeli Diamond Industry continues to show a robust recovery, demonstrating its underlying strength and flexibility. "With the solid demand we are seeing in the United States and in Asia, we look forward to a strong holiday season and continued growth until the end of the year."

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