United States records high value in imports of polished diamonds.

Highest value of monthly imports in May
United States records high value in imports of polished diamonds.

During May 2007, the United States’ imports of roughs increased in volume while its polished diamonds increased in value. In the month, 243,529 carats of rough diamonds valued at $75.58 million were imported. This brought about a 314.26% increase in volume and a 13.94 percent slowdown in value, when compared to figures of the corresponding month, a year back.

With the average imports dipping down 79.23 percent, the per carat cost is now $310.34 compared to $1,493.97 last year. South Africa, the main source for roughs to the U.S., supplied 11,792 carats with a declared value of $40.59 million in May, averaging the price to $3,442.16 p/c. Botswana’s supplies totaled to 30,991 carats worth $12.58 million, making an average price of $405.83 p/c.
The Belgium roughs were of the highest value, of 33 carats worth $192,582, with an average of $5,835.82 p/c.

Comparatively, $1.882 billion polished diamonds weighing 1,336,989 carats were imported, making an average price of $1,407.72 p/c (per carat). This has increased the value of polished imports by 7.38 percent and decreased the quantity by 15.72 percent. The average value has increased 27.41 percent year-over-year.

Polished diamonds imported from Israel, recorded 396,016 carats worth $1.123 billion, with an average of $2,834.54 p/c. Belgium supplied 144,752 carats worth $321 million, with an average price of $2,217.70 p/c. India exported 637,151 carats valued at $259 million with an average of $406.59 p/c. May recorded the highest value of monthly imports compared to the first five months of 2007.


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