Belgium’s polished diamond exports rose 6 percent year on year to $1.379 billion in March 2012, data from the Antwerp World Diamond Centre (AWDC) showed. By volume, the exports fell 33 percent to 652,916.33 carats while the average price of the goods increased 57 percent to $2,112.73 per carat.
Polished imports to Belgium dropped 3 percent to $1.303 billion. The country’s net polished exports, representing the excess of exports over imports, rose to a surplus of $76.04 million from a deficit of $34.98 million one year ago.
Rough imports grew 7 percent to $1.364 billion in March and rough exports increased 8 percent to $1.461 billion. Net rough imports, indicating the excess of rough imports less exports, declined by 26 percent to a deficit of $97.39 million.
Belgium’s March net diamond account, representing total exports of polished and rough less total imports, grew more than four-fold to $173.43 million.
During the first quarter, Belgium’s polished exports rose 4 percent to $3.572 billion. Exports to the U.S. increased 6 percent to $918.3 million and to Hong Kong they fell 5 percent to $747.1 million. Exports to Switzerland surged 38 percent to $498 million.