Israel Polished Exports Slump

RAPAPORT... Israel's polished-diamond exports fell 37% year on year to $1.9 billion in the first 10 months of 2020, according to figures the government released last week.The decline, which reflects the impact of the pandemic, eased slightly in August when the global diamond market picked up, with polished exports for that month down 3% year on year. However, orders slipped 10% in September and slumped 52% in October, the data showed.Israel's diamond sector faced "collapse" amid an 80% drop in exports for the March-to-May period, Israel Diamond Exchange president Yoram Dvash said in July. He predicted that 15,000 families would suffer the effects of layoffs in the industry.Israel trade data for October 2020

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