China's August diamond imports fell by nearly 15% year-on-year
April 03 06:14:43, 2023
According to data from the Shanghai Diamond Exchange, domestic diamond imports continued to decline in August, while the transaction volume decreased even more, indicating that the price of imported diamonds also decreased compared with the same period last year. The data shows that the diamond trading volume of Shanghai Drilling Exchange in August was 230.32 million carats, an increase of 38.5% over the same period of last year. The transaction amount was 265 million US dollars, down 26% from the same period of last year, of which the general trade import volume was 103,200 carats, down from last year. 13.6%, the amount was $122 million, a year-on-year decline of 34.3%. The price drop is more obvious in the import of finished diamonds. According to the Shanghai Drilling Exchange, the import volume of domestic finished diamonds was 102,200 carats in August, down 8.2% year-on-year, with an amount of US$122 million, a drop of 34.2 compared with the same period last year. %. From January to August, the import volume of finished diamonds under the general trade of customs declaration by Shanghai Drilling Exchange was 1.141 billion US dollars, a decrease of 16.5% compared with the same period of last year. According to the Shanghai Drilling Exchange, this year, the import volume of finished products under general trade has declined to some extent compared with the same period last year. Shanghai Diamond Exchange is currently the only diamond import and export trading platform in China. The exchange established a membership meeting. As of August 31, the exchange has accumulated 344 members, including 228 foreign members, accounting for 66% of the total membership.