US Polished Market Declines in 2017
US polished-diamond buying and selling slowed ultimate year, in keeping with government statistics.
Polished imports dropped 6% to $21.62 billion and, with the aid of volume, slid nine% to 9.8 million carats.
The average price accelerated 4% to $2,205 in step with carat.
Polished exports fell four% to $18.02 billion, while internet polished imports —
the excess of imports over exports — slipped 14% to $3.sixty one billion.
tough imports for the year were up 23% to $1.06 billion, whilst tough exports grew
fifty four% to $938 million. internet tough imports plummeted fifty one% to $123 million.
the united states internet diamond account — the sum of rough and polished imports minus general exports
— declined 16% to $3.73 billion.
Polished-diamond imports for December fell 4% 12 months on year to $1.48 billion,
with polished exports down 2% at $1.33 billion. internet polished imports for December
slumped 19% to $147 million.