Israel's diamond industry suffered another steep decline in monthly polished diamond exports during November as the war continued in Gaza.
But y-o-y average per carat prices were far higher, and foreign sales in November shows an increase to those of year 2022, as per idexonline.com report.
According to the Ministry of Economy and Industry, net polished diamond exports for November were just over $107m, a 75 per cent drop from $425m in October. Exports in September were $660m.
But, y-o-y November 2023 sales were almost three times those of $37m in November 2022. The number of carats sold was down by a third, but average prices shot up from $336 to $1,396/carat.
Rough exports for November was $24m, up 21 per cent as against $19m of the previous month, but down 68 per cent y-o-y.
Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished
