Antwerp Polished Exports Recovering

By John Jeffay / September 10, 2020 / www.idexonline.com / Article Link

(IDEX Online) - Exports of polished diamonds form Belgium were up 6.3 per cent in August, compared with the same month last year, in spite of the coronavirus pandemic.Total sales were $343m, according to figures released by the Antwerp World Diamond Centre (AWDC) on Tuesday. Carats sold were down 8.3 per cent to 156,795.Exports were down over 50 per cent by dollar value in the first half of 2020 but have been recovering steadily since hitting rock bottom in April."Antwerp's August figures are encouraging, demonstrating activity has resumed in the market, demand is picking up ahead of the all-important holiday season and sentiment is positive," Karen Rentmeesters, senior AWDC communications manager told IDEX Online. "We remain cautious, but it looks like the industry has taken a corner."August is typically a flat month for diamond sales, largely because of vacations - which have been severely impacted by the pandemic. Polished exports to the U.S. were up almost 50 per cent to $118m and sale to Hong Kong rose bu just over 10 per cent.

Recent News

Gold stocks gain even as metal price pulls back

April 29, 2024 / www.canadianminingreport.com

Copper price forecast swinging significantly on shifting outlook

April 29, 2024 / www.canadianminingreport.com

Upgrades continue for 2024 gold price target...

April 22, 2024 / www.canadianminingreport.com

Gold stocks edge up as weak equities offset metal rise

April 22, 2024 / www.canadianminingreport.com

Major investment banks make major gold price upgrades

April 15, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok