Diamond industry: In the first 4 months net imports of rough diamonds to Israel amounted to about $ 594 million

The positive trend recorded in the diamond industry continues since the end of 2020 and marked an excellent first trio for the industry, with significant increases in all four major trade categories, in a tertiary summary published by the Ministry of Economy and Industry.
In total in the first quarter of the year, net imports of rough diamonds to Israel amounted to about $ 594 million, an increase of about 112% compared to the same period last year (in April alone there was a meteoric increase of over 1200% compared to April Net exports of rough diamonds in that period amounted to about $ 522 million, an increase of about 116% compared to the first quarter in 2020 (when in April alone there was also a meteoric increase of about 1896% compared to April last year). .
Net polished diamond imports in the first quarter of the year amounted to about $ 855 million, an increase of about 96% compared to the corresponding quarter in 2020 (when in April alone there was an increase of about 512% compared to April last year) while net polished diamond exports, Which amounted to about one billion and one hundred and fifty million dollars, there was an increase of about 30.5% compared to the corresponding third quarter in 2020 (when in April 2021 there was an increase of about 735% compared to April last year).
In the past month, exports of rough diamonds to the United Arab Emirates totaled about $ 18 million, which is about 13% of Israel's total rough diamond exports in April. This month, roughly $ 16.75 million worth of rough diamonds will be imported from Israel from the United Arab Emirates, which is about 14% of all rough diamonds imported to Israel in April.
"Last April presented meteoric growth figures, although for the sake of fairness it should be taken into account that April 2020, to which the comparison is made, was the month in which the results of the first closure were most painfully expressed," said Ofir Gur, Director of Diamonds, Gems and Jewelry and Supervisor On diamonds in the Ministry of Economy and Industry. "At the same time, even if this figure is taken into account, in the overall view of the last third and the situation in the global market, the Israeli diamond industry has many reasons to remain optimistic due to the excellent continuous growth figures that indicate that the domestic industry is at the forefront of global diamond recovery." .