Israel’s polished diamond exports fell 8 percent year on year to $1.04 billion in May, according to the Central Bureau of Statistics (CBS). Researchers did not observe a particular reason for the slump, Rapaport reported.
CBS reported that rough exports declined by 31 percent to $294.7 million. Israel’s total diamond imports, including both rough and polished, fell 27 percent to $833.1 million.
Israel’s May net diamond account, representing total rough and polished exports less total imports, fell 6 percent to $499.3 million.
During the first five months of the year, Israel’s polished exports dropped 6 percent to $3.32 billion, while rough exports fell 33 percent to $1.24 billion. Total rough and polished diamond imports declined 19 percent to $3.46 billion.
Israel’s net diamond account for January through May fell 2 percent to $1.1 billion.
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