03 Dec 2022
DiamondWorld Directory
Home |
Net polished diamond exports from Israel rose 9.5%
Major export markets were US69%, HK13%, Belgium6%, Switzerland4%, England2%
By: Diamond World News Service
Jun 6 2006 12:00AM
Reference: 473  


According to statistics released by the Israel Ministry of Industry, Trade and Labors Diamond Controller Shmuel Mordechai polished diamond exports in May 2006, reaching $880.5 million, compared to $804.1 million in 2005. From January to May 2006 net polished diamond exports decreased by 1.5% to reach $3.043 billion, compared to $3.089 billion during the same period of 2005. Net imports of rough diamonds declined by 17.0% to total $445.7 million in May 2006, as compared to $537.2 million in the same month of 2005. From the beginning of the year net rough imports declined by 11.6%, totalling $1.893 billion compared to $2.140 billion in the same period of 2005.

Net rough diamond exports from Israel stood at $267.4 million in May 2006, a decline of 33.7% over May 2005, when they totaled $403.4 billion. For January - May 2006 rough exports were $1.235 billion, a decline of 19.6% over the same period last year, when they were $1.536 billion. Israels net imports of polished diamonds in May decreased by 6.0%, totaling $326.7 million, as compared to $347.5 million in the same month of 2005. Since the beginning of 2006 they increased by 1.2% to total $1.546 billion, compared to $1.528 billion in the same period of 2005.

Israels diamond leaders expressed cautious optimism concerning results expected for the remainder of the year. Simcha Lustig, Chairman of the Israel Diamond Institute, said that he was encouraged that the first five months of the year showed a decline that was almost negligible, and that he expected that the next several months would show a significant rise in exports. "I believe that there will be brisk sales at the Las Vegas show. That, combined with the World Diamond Congress, opening in Israel later in the month, will be a shot in the arm for the Israeli diamond industry and will change the picture substantially."

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: 32000
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 9499
GJEPC Chairman Interview
Views: 28112
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 39338
Promo for IJ Awards 2012 at NDTV Profit
Views: 57050
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 68543
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 21868
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 50908
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 53081
DW News App
Member of:
Supporter of: