China's diamond trade import and export volume increased by 2.1%
ZHEJIANG KINGSIR VALVE CO., LTD. , https://www.cn-kingsir.com
November 05 18:59:40, 2024
In the first half of 2012, the global economic growth was weak, and China's economy has shown a steady trend after years of high-speed operation. The further regulation of the domestic diamond import and export order has promoted the steady growth of the diamond import and export trade volume of the Shanghai Diamond Exchange. The reporter learned from the Shanghai Diamond Trading Joint Management Office (hereinafter referred to as the “Diamond Officeâ€) that according to customs statistics, the total import and export volume of diamonds on the Shanghai Diamond Exchange in the first half of this year reached US$ 1.94 billion, an increase of 2.1% over the previous year. The continued downturn in the world economy has led to a decline in the trading volume of major international diamond trading centers, but China's diamond trade has remained generally stable. It is understood that the reason for the growth of China's diamond import and export is mainly due to the improvement of the trade function of the Shanghai Diamond Exchange's peripheral market. In the first half of this year, the diamond exit amounted to US$322 million, a year-on-year increase of 68%. Exports to Hong Kong, Belgium, Israel, the United States, etc. 20 countries and regions. The expected decline in economic growth has affected the global demand for diamond consumption. According to statistics, in the first half of this year, the import volume of finished diamonds in the three major diamond consumer markets of the United States, China and Japan was US$ 1.487 billion, US$ 904 million and US$ 440 million, respectively. It is -22%, -4.6%, 20%. Considering the global diamond price increase factor in the past year, the import weight of finished products in the consumer markets of China and Japan decreased by 14% and 8% year-on-year. The world's major diamond consumer countries are in short supply.