20 May 2019
DiamondWorld Directory
Home |
News
Home
IDI clocks double-digit growth for its diamond exports
U.S. remained its largest consumer for polished diamond exports
By: Diamond World News Service
|
Oct 13 2011 10:10AM
|
Reference: 6387  

DecreaseIncrease

The Israeli Diamond Industry is optimistic about achieving a healthy result for the year 2011, as at the end the third quarter of 2011, it clocked double-digit growth in exports and imports of both polished and rough diamonds. The country’s net export of polished diamonds from January through September 2011 valued $5.83 billion, a rise of 37.1 percent (y-o-y) and net rough diamond exports valued $2.98 billion, jumping 31.8 percent.

Israel’s net imports of polished diamonds rose 48.8 percent to $4.17 billion in the said nine months and net rough diamond imports rose 35 percent (y-o-y) to $3.52 billion, in the said period.

This period saw the United States being Israel’s largest consumer of polished diamond exports ($2.13 billion or 37 percent of total exports). Hong Kong accounted for $1.71 billion or 29 percent, Belgium $471 million or 8 percent, Switzerland $338 million or 6 percent, Thailand $114 million or 2 percent and the rest of the world $1.07 billion or 18 percent.

Moti Ganz, Chairman of the Israel Diamond Institute Group of Companies (IDI) said that the positive results in 2011 are the result of “the dynamism, flexibility and forcefulness of the Israeli industry.” He added that “Despite the current uncertainty I am very hopeful that the full year figures will continue this positive trend”. Eli Avidar, IDI Managing Director said “The Israeli delegation to the Hong Kong September show was the largest of any country. We are seeing more and more first time participants joining our pavilions, especially in Asian markets. We’ve responded to the overwhelming demand by our industry by adding more trade shows in existing markets. In 2012 we intend to add shows in new markets and I’m certain we’ll have a big response”.

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
Advertisement
HouseAd_Trade Fair
Search News by City
Advertisement
Kosher 23460
Advertisement
Kosher 23460
Recent Issue
2019
AVAILABLE NOW...!
Advertisement
Kosher 23460
News in Pictures
Videos
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
Spotted: Who Wore What (July 2018)
Pictures: 5
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 13723
GJEPC Chairman Interview
Views: 12567
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 19459
Promo for IJ Awards 2012 at NDTV Profit
Views: 31983
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 35022
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 10181
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 33379
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 31518
Member of:
Supporter of: