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Diamond Import Statistics Cover Polished and Rough Diamond Imports

2000: Diamond Import Statistics Show Difference between Polished and Rough Diamond Imports

Nov. 2000

Through July, 2000

(Based on U.S. Commerce Dept. Data)

Diamonds (Polished) Under 1/2
Diamonds (Polished) Under 1/2

COUNTRY

Quantity (in carats)

Actual value in U.S. $

Belgium

491,682

139,791,798

China

22,591

4,377,932

Hong Kong

302,164

49,830,254

India

6,868,647

1,251,037,919

Israel

678,030

394,489,334

Japan

2,974

1,480,403

Singapore

2,502

494,163

South Africa

347

446,717

Switzerland

124,262

5,783,365

Thailand

73,619

10,459,219

TOTAL (inc. all others)

8,701,414

1,883,483,749

Diamonds (Polished) Over 1/2 Carat

COUNTRY

Quantity (in carats)

Actual valuein U.S. $

Belgium

793,066

1,279,736,861

Brazil

2,429

10,059,427

France

622

3,267,573

Germany

1,482

3,826,514

Hong Kong

54,753

86,431,796

India

373,113

262,054,689

Israel

1629,970

2,713,115,590

Mauritania

1,741

3,240,063

Russia

34,813

50,839,255

Singapore

3,347

7,121,821

South Africa

19,925

84,576,966

Sri Lanka

163

701,952

Switzerland

25,389

176,729,833

Thailand

15,172

18,083,671

U.K.

16,119

61,605,106

TOTAL (inc. all others)

2,996,042

4,798,805,392

Rough Diamonds

COUNTRY

Quantity (in carats)

Actual ValueIn U.S. $

Angola

385

10,18,359

Belgium

357,567

129,102,323

Canada

10,857

$1,482,652

Ghana

693,861

29,892,609

Hong Kong

130

860,300

India

275,557

246,899

Israel

15,765

17,926,698

Russia

1,960

95,578

Sierra Leone

668

1,247,505

South Africa

50,996

105,556,398

Switzerland

5,189

23,228,055

U.K.

368,814

143,115,701

Zaire (Congo)

1,921

4,003,986

TOTAL (inc. all others)

1,883,718

494,245,626

U.S. Diamond Import Analysis

The first seven months of 2000 showed phenomenal increases in sales of polished diamonds over .50 carat. While in the first six months of 1999, the United States imported about $2.8 billion of these stones, that figure jumped to $4.8 billion in the first seven months of this year.

Meanwhile rough diamond imports, while increasing in 2000, will fall under $1 billion versus an anticipated $7 to $8 billion in polished stone imports over .50 carats.

The difference can be traced to both open goods and conflict goods not reaching the U.S., and a discrepancy in the number of U.S. sightholders. By limiting the number, De Beers is limiting the amount of U.S.-polished goods.

The soaring increase in polished imports is also traced to predictable sights that have lacked the larger, in-demand stones, according to Jeff Fischer, president of the Diamond Manufacturer’s Association. De Beers says they do not have a sufficient supply of these for U.S. sightholders.

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