Slowdown in Belgian Shipments Eases

RAPAPORT... Belgium's diamond trade continued to decline in May, but at a gentler pace that in the previous month as global markets gradually reopened. Total imports and exports of rough and polished stones fell 81% year on year, compared with an 89% slump in April, according to data from the Antwerp World Diamond Centre (AWDC).While the coronavirus still impacted the sector, the improvement reflected both stronger consumer demand and the resumption of cargo flights, an AWDC spokesperson told Rapaport News. Polished exports to the US dropped 88% in May, whereas in April they plummeted 97%.June has brought a further easing of the decline, with sales down 53% year on year for the first 19 days of the month, the spokesperson added. For the week beginning June 15, the decline was 44%.

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