Belgium's Rough Trade Slumps to 2009 Levels

RAPAPORT... Belgium's rough-diamond trade fell to its lowest level since the financial crisis in the first half of 2019.  Rough imports to the country declined 26% year on year to $4.36 billion during the period, 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 financial crisis in the second half of 2009, Rapaport records show. Exports from the industry's largest rough trading hub also hit a decade-long low. The data reflects 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. 

Millions unless stated otherwise 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 > × Get Listed Get Listed × Login E-Mail Address Password Remember Me Login Forgot Your Password? Register Share to Youtube Share to Facebook Share to Linkedin Share to Twitter Share to Tiktok