Belgium Trade Slows in January

RAPAPORT... Belgium's shipments of rough and polished slid in Januaryamid a slowdown in the global industry. A 10% drop in the volume of polishedexports outweighed growth in the average price, with the total value down 4%for the month, according to data the Antwerp World Diamond Centre (AWDC) released last week. Rough imports and exports also slumped, reflecting weakerdemand from manufacturers. While January is usually a period of restocking after the holidays,activity has been limited following sluggish retail sales during the fourthquarter.

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