Belgium's Rough Trade Hits Decade Low

RAPAPORT... Belgium's rough-diamond trade fell in the first half to its lowest level since the financial crisis.  Rough imports to the country declined 26% year on year to $4.36 billion during the six months ending June 30, according to recent data from the Antwerp World Diamond Centre (AWDC). The last time inbound shipments were below that level was when the trade was recovering from the economic crash in the second half of 2009, Rapaport records show. Exports from the industry's largest rough-trading hub also hit a decade low by value. The figures reflect a slump in global rough demand, as reported by the major diamond-mining companies. De Beers' rough sales fell 18% to $2.38 billion in the first half, while Alrosa's dropped 25% to $4.16 billion, according to Rapaport estimates. Belgium's rough trade showed similar declines in June, while polished-diamond exports dropped 20% during the month, the AWDC reported. 

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