19 Aug 2019
DiamondWorld Directory
Home |
Israel’s diamond trade shows signs of recovery in third quarter
Net polished diamond exports value $4.34 billion in the first three quarters of 2012
By: Diamond World News Service
Oct 23 2012 7:48PM
Reference: 7352  


Ministry of Industry, Trade and Labor Diamond Controller Shmuel Mordechai has published figures for Israel’s diamond trade in the first nine months of 2012, and although the figures show a drop over the same three quarters last year, Mordechai also noted that the Israel diamond industry has experienced some signs of recovery in its diamond trade in the third quarter this year.

Mordechai noted that net polished diamond exports stood at $4.34 billion in the three quarters of 2012, dropping 25.6 percent from $5.83 billion in the same period last year. Mordechai said that the dramatic decrease in diamond exports and imports in the second quarter of 2012 seems to have been stemmed, and there are early signs of increased trade activity.

In the first nine months, the country’s net rough diamond exports valued $2.07 billion decreasing 30.6 percent from $2.98 billion in the same three quarters last year. Net rough diamond imports valued $2.65 billion, compared to $3.51 billion for the same period last year, a 24.7 percent drop. Net polished imports stood at $3.08 billion, 26.1 percent less than in the first three quarters of 2011, when they totaled $4.17 billon.

Adding to the positive outlook that trade improved third quarter onwards, Moti Ganz, Chairman of the Israel Diamond Institute Group of Companies (IDI) said that the Israeli industry was still affected by the world economic situation, but was seeing a marked trend toward greater activity. “Judging by the last two important trade shows, in Mumbai and Hong Kong, we are definitely seeing an upward movement in the diamond trade. Though we still have some way to go before we reach last year’s figures, which were Israel’s best ever, I am confident that the positive trend will continue through the rest of the year,” Ganz added.

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
M. Suresh234x60
Search News by City
Kosher 23460
Kosher 23460
Recent Issue
Kosher 23460
News in Pictures
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
Spotted: Who Wore What (August 2018)
Pictures: 4
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 16505
GJEPC Chairman Interview
Views: 15277
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 22133
Promo for IJ Awards 2012 at NDTV Profit
Views: 34942
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 38380
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 12688
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 36424
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 34384
Finestar Diamonds
Mohra India
Member of:
Supporter of: