Antwerp Polished Exports Recovering

By John Jeffay / September 10, 2020 / www.idexonline.com / Article Link

(IDEX Online) - Exports of polished diamonds form Belgium were up 6.3 per cent in August, compared with the same month last year, in spite of the coronavirus pandemic.Total sales were $343m, according to figures released by the Antwerp World Diamond Centre (AWDC) on Tuesday. Carats sold were down 8.3 per cent to 156,795.Exports were down over 50 per cent by dollar value in the first half of 2020 but have been recovering steadily since hitting rock bottom in April."Antwerp's August figures are encouraging, demonstrating activity has resumed in the market, demand is picking up ahead of the all-important holiday season and sentiment is positive," Karen Rentmeesters, senior AWDC communications manager told IDEX Online. "We remain cautious, but it looks like the industry has taken a corner."August is typically a flat month for diamond sales, largely because of vacations - which have been severely impacted by the pandemic. Polished exports to the U.S. were up almost 50 per cent to $118m and sale to Hong Kong rose bu just over 10 per cent.

Recent News

Uranium volatility after Russia's US export restrictions

November 25, 2024 / www.canadianminingreport.com

Gold stocks rebound on metal bounce and equity rise

November 25, 2024 / www.canadianminingreport.com

Crypto market size continues to catch up with gold

November 18, 2024 / www.canadianminingreport.com

Crypto stealing some of gold's thunder

November 18, 2024 / www.canadianminingreport.com

Gold stocks drop on metal price decline

November 11, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok