Hong Kong’s polished diamond imports rise 5% in H1

For the diamond market in Hong Kong, the polished diamond imports in the first six months of this year stood at $8.884 billion, after a 5 percent increase, reports say. Region-wise, India’s polished diamond exports to Hong Kong were the only which reflected an increase amongst other major diamond centres of the world. India’s exports to Hong Kong rose 17 percent to $4.21 billion, while from Israel it dipped 2 percent to $1.14 billion and from Belgium it dropped 4 percent to $948.7 million, reports say. China’s polished diamond exports to Hong Kong dropped 6 percent to $522.4 million, reports say.

Exports of polished diamonds from Hong Kong in the said six months slipped 4 percent to $5.803 billion.

Imports of rough diamonds into Hong Kong in the said six month period increased 8 percent to $955.96 million, while rough diamond exports rose 43 percent to $1.388 billion.

Hong Kong’s net rough imports slipped almost five times standing at a deficit of $432.5 million (the same was in a deficit of $86.4 million in the comparable six months last year).

The net diamond account in the six month period increased 15 percent to $2.648 billion, reports say.