US Records August Polished Diamond Import Deficit of $28 Million

Rapaport reported that in August, the United States’ polished diamond imports rose 29.9 percent from the previous year, to $1.667 billion. However, the value of polished exports came in at $1.695 billion, a 32.6-percent increase from 2012. As a result, the country saw an import deficit of $28 million for that month.

As quoted in the market news:

For the first eight months of 2013, the U.S. imported $15.389 billion worth of polished diamonds and exported $13.261 billion worth of goods, leaving net imports of $2.13 billion. Rough imports of $330 million and rough exports of $193 million produced net imports of $136 million. The net diamond account for the January through August period has risen 6.3 percent year on year to $2.266 billion.

Click here to read the full Rapaport report.