In the first 3 quarters the net import of rough diamonds to Israel amounted to 1.48 billion dollars

The summary of the month of September, published by the diamond supervision at the Ministry of Economy and Industry, indicates a positive month with an increase in three of the four main trade categories, with the exception of the export of rough diamonds, in which a significant decrease was recorded.
In total, in the first three quarters of the year, the net import of rough diamonds to Israel amounted to about 1.48 billion dollars, an increase of about half a percent compared to the corresponding period last year (in September there was an increase of about 28% compared to September 2021). Net export of rough diamonds in the same period amounted to about 1.33 billion dollars, a decrease of about one percent compared to the first three quarters in 2021 (when in September there was a sharp decrease of about 48% compared to September last year).
The net import of polished diamonds in the first three quarters of the year amounted to approximately 2.5 billion dollars, an increase of approximately 19% compared to the corresponding period in 2021 (when in September there was an increase of approximately 20% compared to September last year) while in the export of net polished diamonds, which amounted to approximately 3.22 billion dollars, an increase of approximately 25% was recorded compared to the corresponding period in 2021 (when in September 2022 a sharp increase of approximately 112% was recorded compared to September last year).
In the last month, the export of rough diamonds to the United Arab Emirates amounted to about 9 million dollars, which is about 9% of Israel's general export of rough diamonds in September. This month, rough diamonds worth about 22 million dollars will be imported from the United Arab Emirates to Israel, which is about 20% of the total rough diamonds imported to Israel in September.
Ofir Gore, the supervisor of diamonds at the Ministry of Economy and Industry, notes that "the month of September is a positive month overall, during a very volatile period in the global diamond industry in general and the Israeli diamond industry in particular. The effects of the war in Ukraine and the sanctions on Russia can be seen in the sharp drop in the export of rough diamonds that we witnessed this month, on the other hand, the rest of the data, especially the export of polished diamonds actually recorded increases. I estimate that the coming months will continue the fluctuating trend that characterizes the industry in recent months."