Israeli Diamond Exports and Imports’ Balance
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Israeli Diamond Exports and Rise in Rough Imports

2004:Israeli Diamond Exports and Imports of Polished Diamonds

Sep. 2004

Israel's diamond industry reported substantial growth in June and in the first half of 2004, according to the Israel Ministry of Industry & Trade's Diamond Controller. Net exports of polished diamonds from Israel rose 47.3% to reach $481.4 million, compared to $326.9 million in June 2003. During the first half of the year net polished exports grew 23.9%, reaching $3.290 billion, compared to $2.656 billion in the same period in 2003.

Imports of rough diamonds also rose, 14.8% in June to $418.4 million. Since the beginning of 2004, rough diamond imports rose 40.3% to reach $2.446 billion, compared to $1.743 billion for the same period in 2003. Rough diamond exports from Israel rose 35.8% in June to reach $286.8 million. For the first six months rough diamond exports increased 45.6% to $1.534 billion, up from $1.053 million for the same period in 2003.

Israel's imports of polished diamonds rose 11.7% in June 2004 to reach $294.0 million. Since the beginning of the year they rose 6.0% to reach $1.590 billion.


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