Japan’s polished diamond imports rose 40 percent year on year to $70.4 million, Momozawa reported citing the Finance Ministry. By volume, the imports fell 22 percent to 136,057 carats while the average price of the goods increased 82 percent to $518 per carat.
Polished diamond imports from India rose 11 percent year on year to $30.3 million, imports from Belgium grew 23 percent to $12.6 million and imports from Israel increased 23 percent to $7 million. Imports from Hong Kong rose more than 10-fold to $7.4 million.
During the first two months of the year, Japan’s polished imports rose 16 percent to $142.7 million with the volume of imports declined 23 percent to 322,058 carats.