The Israeli Diamond Industry continued its impressive grown in the first quarter of 2022. The first quarter of 2022 continued the positive trend recorded in the diamond industry over the past year.
In Q1 total net imports of rough diamonds to Israel amounted to about $ 494 mn, an increase of 4% compared to the same period last year.Net rough diamond exports during Q1 amounted to $ 526 mn, an increase of 35% over the first quarter of 2021. In March there was an increase of 11% compared to March last year.
Total net polished diamond imports in the first quarter of the year totaled $ 942 mn, an increase of 45% compared to the corresponding quarter in 2021, while in March alone there was an increase of 13% compared to March last year. Total net polished diamond exports reached $ 1.3 bn. In March 2022 there was an increase of 105% compared to March last year.
In the past month, exports of rough diamonds to the United Arab Emirates amounted to $ 24 mn, which constitutes about 14% of Israel's total rough diamond exports in March. During this month, roughly $ 18.5 mn worth of rough diamonds were imported to Israel from the United Arab Emirates, which is 9% of the total rough diamonds imported into Israel in March.
Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough&Polished
Exclusive
David Benderly: PermaScribe seeks to put trust mark on diamond table, not just girdle
In this interview with Rough & Polished’s Mathew Nyaungwa, PhotoScribe Technologies president and chief executive David Benderly explains how PermaScribe differs technically from conventional laser inscription, its potential to strengthen security, and...
31 august 2026
The great reset: Paul Zimnisky on supply catharsis, De Beers' bargain and the case for natural diamonds
The natural diamond industry is in the throes of its most profound reset in a generation. Supply is plunging to its lowest level since 1987 and De Beers—once valued at over $9 billion—is reportedly being sold for as little as $1 billion.
Lab-grown...
10 august 2026
Roman Karakurkchi: Maintaining the highest standards of jewelry craftsmanship
Roman Karakurkchi is the founder of the Roman Karakurkchi jewelry brand and the International Jewellery School that brings together instructors from Russia, the USA, the Netherlands, Spain, Belgium, Italy, and Germany, as well as students from 65 countries...
03 august 2026
Mehul Shah pledges to bring new approach to leading WFDB
Mehul N. Shah, who was elected in July as President of the World Federation of Diamond Bourses at the 41st World Diamond Congress in Singapore, is one of India's best-known diamantaires and a prominent leader in the international diamond industry...
27 july 2026
Charlotte Rose on making history, modernising the London Diamond Bourse, and why finance is the industry’s silent crisis
When Charlotte Rose was elected president of the London Diamond Bourse in June 2026, she didn't just break an 86-year tradition—she became the first woman to lead any diamond bourse globally. In an exclusive interview with Rough & Polished’s Mathew...
20 july 2026
