Israel's 2012 diamond exports fall 22.8% - Israel Business, Ynetnews
 
ynetnews
web


   Israel News

Israel News
World News
Israel Opinion
Jewish
Israel Business
Israel Culture
Israel Travel
Decline

US remains Israel's largest market with polished diamond exports of $2 billion (archives) Photo: AP
US remains Israel's largest market with polished diamond exports of $2 billion (archives) Photo: AP
 
 

Israel's 2012 diamond exports fall 22.8%

Industry and Trade Ministry says polished diamond exports should rebound in 2013 as long as there are no new crises around the world

Reuters
Published: 01.15.13, 07:16 / Israel Business

Israeli polished diamond exports slid 22.8% in 2012 but should rebound in 2013 as long as there are no new crises around the world, the Industry and Trade Ministry said recently.

 

Diamonds are one of Israel's largest exports and a key reason for only a scant rise in overall exports in 2012.

 

Shining Future?
State committee to review diamond industry / Tom Ziv
Industry, Trade and Labor Minister Shalom Simhon forms strategic committee to examine country's diamond industry, increase its activities, productivity
Full story

Polished diamond exports fell to $5.56 billion from $7.2 billion in 2011.

 

The ministry said in a statement the decline in exports had reached 50% by the middle of the year before starting to recover in August.

 

"If there are no new global crises in 2013 the improvement will continue and export volumes will reach 2011 levels," said Shmuel Mordechai, the ministry's head of diamonds, gems and jewelry.

 

Exports of rough diamonds fell 20.1% to $2.8 billion. Imports of polished diamonds slipped 24.9% to $4.3 billion, while rough diamond imports dropped 12.9% to $3.8 billion.

 

The United States remained Israel's largest market with polished diamond exports of $2 billion, followed by Hong Kong.

 

Mordechai said the industry in 2013 will have to continue to search for sources of rough diamonds to improve Israel's competitiveness with other global diamond centers.

 

"The crisis in the US market is the most severe and Israeli exports to this market are at the lowest in the last few years," he said.

 

 

commentcomment   PrintPrint  Send to friendSend to friend   
Tag with Del.icio.us Bookmark to del.icio.us



 
1 Talkbacks for this article    See all talkbacks
Please wait for the talkbacks to load

 

RSS RSS | About | Contact Us | Privacy Policy | Terms of use | Advertise with us | Site Map

Site developed by  YIT Advanced Technology Solutions

 
פיקוד העורף התרעה במרחב:
    רשימת יישובים במרחב