Rough Trading Slowed in 2018

RAPAPORT... Global rough-diamond shipments dropped last year,reflecting slower trading in India and Belgium, according to new data from theKimberley Process (KP). Total rough imports slipped 3% to $48.49 billion for 2018,with volume down 7% to 424.2 million carats, the figures showed last week.Rough exports fell 1% to $49.52 billion, while volume declined 6% to 428.6million carats. India's rough imports fell 10% to $17.08 billion, outweighinga 0.5% increase in imports to the European Union, which mainly comprises theBelgian trade. Both markets also saw a drop in rough exports. The United Arab Emirates (UAE) and China both imported more rough than in 2017. Shipments to the UAE rose 6% to $7.32billion, though the country's exports slipped. The nation's average exportprice jumped 13% to $125 per carat, outstripping its average import price of$97 per carat. China's rough imports also increased, bringing the country intofifth place by value, ahead of Botswana.Top Five Rough Importers in 2018

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