Japan’s Polished Diamond Imports +28% in Dec.

Polished DiamondsJapan’s polished diamond imports grew 28 percent year on year to $66.5 million in December, Momozawa reported citing Finance Ministry data. By volume, the imports fell 26 percent to 138,881 carats as the average price of the goods increased 74 percent to $478.49 per carat.

For the full year 2011, Japan’s imports rose 17 percent to $813.6 million while the volume of imports fell 17 percent to 2.027 million carats. The average price of the polished imports increased 41 percent to $401.36 per carat.

Imports from all of Japan’s major source countries increased during 2011 with polished supplies from India rising 22 percent to $379.3 million and imports from Belgium up 8 percent to $150.1 million. Polished imports from Hong Kong grew 15 percent to $82.8 million and from Israel they rose 20 percent to $67.4 million.

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