Hong Kong Trading Hits New Low

RAPAPORT... Polished-diamond imports into Hong slumped in the second quarter as the Covid-19 pandemic damaged local demand. Shipments into the municipality fell 45% year on year to $2.24 billion, the weakest for any quarter since 2009 - outstripping the first quarter's low of $2.33 billion.Diamond imports into Hong Kong reflect the local retail market, as well as that of China, for which the territory is an important entry point. The city's polished exports to the mainland fell 42% to $418.3 million in the second quarter, according to Rapaport calculations.

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