Israeli Diamonds Continue Upward Trend in H1 2022

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In the first half of the year, net imports of rough diamonds to Israel amounted to
$1.01 billion, an increase of 1.4% over the same period last year. Net rough
diamond exports during that period totalled $966 million, an increase of 6.4%
compared to the first half of 2021.
Net polished diamond imports in the first half of the year amounted to $1.78
billion, an increase of 28.7% compared to the corresponding half in 2021. Net
polished diamond exports amounted to $2.23 billion, an increase of 30%
compared to the first half of 2021.
Exports of rough diamonds to the United Arab Emirates amounted to about $36 million, which constitutes about 19% of Israel's total rough diamond exports in June. During this month, approximately $64 million the worth of rough diamonds was imported from the UAE, which is about 30% of the total rough diamonds imported into Israel in June.
Israel Diamond Exchange President Boaz Moldawsky said, " We are very pleased
to see the continued positive trend in the Israeli diamond industry, despite the
challenges we are facing due to the war in Ukraine and economic uncertainty in
our major markets. We will continue our intensive efforts on behalf of the Israeli
diamond industry and hope that the second half of the year will show continued
growth in the major parameters.”

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