AWDC (Antwerp World Diamond Centre, AWDC) has warned that the increase in the monthly Belgian polished exports, which occurred for the first time in nearly a year, may not signal a turning trend.
According to data provided by the AWDC, polished exports rose by 4.5% in May to $ 1.11 billion for the first time since June last year. By volume, polished exports fell by 1.3% to 480,351 carats, the average price of stones jumped by 5.9%, to $ 2308 per carat.
Polished diamond imports showed progress for the first time since March last year, an increase of 6.8%, to $ 922.5 million. Net polished exports, representing exports less imports, decreased by 5.6%, to $ 186.1 million.
"Although we are very inspired by the diamond trade results possible, the positive performance of the month does not indicate trends, - said the representative of the organization Rapaport News. - Therefore, we will be careful in talking about the fact that it is a sign of fracture (trends). Our people on the ground also does not say anything like that, but they can also have doubts as to whether, in order to see in the data too much, as we are. "
The AWDC "does not ignore the positive signals," but "prefer to err by being more careful", - said the representative of the organization.
Rough imports soared by 18% to $ 1.3 billion, and its export increased by 21% to $ 1.28 bn. Net import diamonds representing the difference between imports and exports, fell by 62% to reach $ 14.8 million .
The balance of the Belgian diamond trade is the difference between total exports and imports of rough and polished diamonds jumped by 8%, to $ 171.4 million.
trade data for May followed data for April, which showed a decrease in the import and export of diamonds, but a splash trade in rough diamonds. While on the diamond trade data was "cause for optimism" in the AWDC noted that the Belgian diamond industry "do not jump to the conclusion that there is a full-scale recovery process in the diamond industry."
During the first five months of the year, polished exports decreased by 6.3%, to $ 5.54 billion, while imports - by 8.8%, to $ 5.23 billion rough diamond imports rose by 5.2%, to $ 5. 56 billion, and its exports - by 9.3%, to $ 5.74 billion.
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