Home News U.S. Polished Imports +71% in April
U.S. Polished Imports +71% in April PDF Print E-mail
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Polished imports to the United States rose 71 percent year on year to $1.35 billion in April 2010, according to data published by the Commerce Department. By volume, the imports grew 44 percent to 1.041 million carats as the average price on the diamonds increased 19 percent from a year earlier to $1,294.68 per carat.

Polished exports climbed 65 percent to $973 million during the month as net polished imports, representing the excess of imports over exports, rose 91 percent to $376 million.

Rough imports to the U.S. increased 90 percent to $40 million and rough imports gained 117 percent from the previous year to $26 million. Net rough imports, signaling the extent to which imports exceeded exports, grew 56 percent to $14 million.

The U.S. April net diamond account, representing to imports of polished and rough less total exports, rose 89 percent to $390 million.

During the first four months of the year, the US polished imports climbed 73 percent to $5.43 billion with imports by volume increasing 53 percent to 4.214 million carats. The average price on polished imports grew 13 percent to $1,288.08 per carat.

Polished exports rose 57 percent to $4.07 billion as the net polished imports grew 143 percent to $1.36 billion.

Rough imports for January through April rose 168 percent to $161 million while rough exports increased 77 percent to $78 million. Net rough imports jumped five-fold to $83 million.

The U.S. net diamond account for the year to date tripled to $1.44 billion.
 
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