30 Mar 2023
DiamondWorld Directory
Home |
Israel’s diamond trade shows a fall in 2008
Economic slowdown affected its major market - US
By: Diamond World News Service
Jan 6 2009 8:18PM
Reference: 3413  


Israel's polished diamond exports for the year 2008 decreased by 12 percent to $6.24 billion and polished imports slipped down by 4 percent to $4.38 billion. Israel’s net polished exports (excess of exports over imports) decreased by 26 percent to $1.86 billion.

The rough trade was neither better. Rough imports declined by 12 percent to $4.48 billion, and rough exports by 2 percent to $3.31 billion. The country’s net rough imports (rough imports exceeding exports), dropped by 32 percent to $1.17 billion. Overall, Israel’s 2008 net diamond account (calculated as net polished exports less net rough imports) showed a fall of 15 percent to $693 million.

The country’s major exports were dependent on the US, hence the drastic fall in trade. In 2008, Israel exported 43 percent of its polished diamonds to US, 23 percent to Hong Kong, 9 percent to Belgium, 8 percent to Switzerland, 8 percent and 3 percent to UK. The severe global financial crisis causing a major drop in Israel’s diamond trade, led the country’s diamond industry to refrain from publishing its November results.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
*  Name:
*  Mobile:
*  Email:
Subscribe for DiamondWorld weekly Newsletter
Search News by City
Recent Issue
News in Pictures
Young Diamantaires
Pictures: 16
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
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 33165
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 10781
GJEPC Chairman Interview
Views: 29220
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 40601
Promo for IJ Awards 2012 at NDTV Profit
Views: 58183
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 69868
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 22499
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 51761
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 54351
Member of:
Supporter of: