Belgium Shipments Hit 10-Year Low

RAPAPORT... Belgium's diamond trade declined in 2019 as excess supply led to slower demand for rough and polished, the Antwerp World Diamond Centre said Wednesday.Polished exports fell 13% to $9.93 billion, their lowest level since 2009, Rapaport records showed, while rough imports and exports both slumped 26%. Total trading was also the weakest in a decade, sliding 19% to $37.1 billion."Manufacturers and traders are mainly trying to reduce their stocks before they transition to purchasing new rough diamonds," explained Ari Epstein, CEO of the AWDC, in a statement. US-China tensions and social unrest in Hong Kong have also reduced consumer demand, he added.Belgium Trade Data for December 2019

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