Israel’s net polished diamond exports up 45.7% in Q1, 2011

The report state that net polished diamond exports in the three months stood at US$2.1billion, up 45.7% and net rough diamond exports valued US$1.2 billion up 39.6%
 
According to report released last week by Israel Ministry of Industry, Trade and Labor’s Diamond Controller Shmuel Mordechai, the first three months of 2011 saw an impressive recovery of Israel's Diamond Industry.
 
Mordechai noted that "The first quarter of 2011, compared to 2010, indicates a large increase in exports of polished diamonds and rough diamonds and in imports of polished and rough diamonds to Israel."
 
The report state that net polished diamond exports in the three months stood at US$2.1billion, up 45.7% (US$1.4 billion in Q1 of 2010), and net rough diamond exports valued US$1.2 billion up 39.6% (US$829 million in Q1 of 2010).
 
Net polished imports increased 24.9% to US$1.1 billion (US$916 million in Q1 of 2010). Net rough diamond imports jumped 48.5% to US$1.2 billion (US$831million in Q1 of 2010).                                                                                                                
 
The United States accounted for 45% of total exports, Hong Kong 26%, Switzerland 9%, Belgium 8%, China 2% and the rest of the world 10%.
 
Net polished exports to the U.S. were US$694 million, to Hong Kong US$506 million, to Switzerland US$351 million, to Belgium US$190 million and to China US$63 million.