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By Avi Krawitz
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Posted: 03/14/10 05:38
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RAPAPORT... Japan’s polished diamond imports fell 25 percent to $50.3 million in January 2010, compared to a year earlier, the J Club, Inc. reported, citing data from the country's Finance Ministry.
Imports from all of Japan's major diamond sources declined during the month, including a 28 percent drop from India to $22.6 million. Polished imports from Belgium decreased 35 percent to $10.9 million, while those from Israel fell 53 percent to $4.4 million. Increases were registered in imports from China, which were up 59 percent, from Hong Kong, which gained by 6.5 percent, and the U.S., which jumped 17 percent.
By volume, Japan's total polished imports fell 2.8 percent to 189,338 carats as the average price of the diamonds dropped 23 percent to $266 per carat.
The country’s gold jewelry imports dropped by 18 percent in January to $39.4 million, while its platinum jewelry imports rose by 36 percent to $31.6 million. Imports of silver jewelry declined 26 percent to $11.6 million during the month.
LH
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