US Diamond Trade Slumps in First Half

RAPAPORT... Net imports of diamonds to the US dropped to their lowest value on record during the first half of 2019, as in-bound shipments fell at a faster rate than exports. The country's net diamond account - a measure of total imports of rough and polished minus total exports - declined 52% to $802 million, a level unmatched in 30 years of data archived by Rapaport News. Polished imports fell 8% to $10.94 billion, even though the volume of carats shipped into the country grew 1%. The average price slid 9% to $2,186 per carat.In June, polished imports fell 24% to $1.25 billion due to lower volume and average price, according to data published by the Commerce Department. The following tables are a summary of the trade data for June and the first half:

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