Israel’s Polished Diamond Exports Drop 19% in Nov.

Israel’s polished diamond exports fell 19 percent year on year to $449.4 million in November 2011, according to data published by the Central Bureau of Statistics (CBS). Rough exports declined by 34 percent to $203.8 million.
CBS reported that total diamond imports, including rough and polished, rose 4 percent to $756.5 million. The bureau does not provide separate rough and polished import data. Israel’s net diamond account, representing total exports of rough and polished less total imports, fell to a deficit of $103.3 million compared to positive $134.2 million a year earlier.

For the first 11 months of the year, Israel’s polished exports rose 25 percent to $6.79 billion, while rough exports grew 15 percent to $3.31 billion. Total imports of combined rough and polished diamonds increased 28 percent to $9.16 billion.

Israel’s net diamond account for January to November fell 20 percent to $935.6 billion.

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