Following the results of the first quarter of 2012 Russia posted rough diamond exports of 8.564 million carats worth $1.033 billion, PRIME reported. Therefore, Russia saw a decline of rough diamond exports by 7.3% by volume and by 30.3% by value, as compared to the corresponding period of 2011, based on the data released by Finance Ministry.
For the first quarter of 2012 Belgium accounted for the largest export figures having bought 5.129 million carats of Russian rough diamonds worth a total of $678.4 million. Russia’s rough exports to India amounted to 2.155 million carats valued at $199.1 million. Rough diamond exports to UAE reached 663,900 carats worth $33.1 million, while exports to Israel attained 310,800 carats worth $81 million.
Russia’s rough diamond imports in the above period posted a 15.2% increase by volume, having attained 52,136 carats, and the value of imports doubled to reach $26.084 million.
Following the results of 2011 Russia reduced rough diamond exports by 20% as compared to the previous year, to 32.347 million carats while in terms of value rough exports reached $3.811 billion.
Rough imports to Russia jumped 1.8 times to 140,700 carats in 2011 while its value dropped by 33% to $40.7 million compared to corresponding figures in 2010.
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