Wednesday, December 30th 12:23 PM IST

Russia's Jan-Sep rough Diamond exports drop 18% Y/Y

# Russia Diamond  # Diamond  # Rough  

Russia's rough exports reached 5.416 million carats in the third quarter of 2015 - down 28% year-on-year. In value terms, its exports slumped to $ 583 million or 1.7 times as less as last year.

MOSCOW (Bullion Street): Exports of rough diamonds from Russia fell by 17.6% from a year earlier to 20.38 million carats in the first nine months of 2015, according to the data based on Kimberley Process certificates published by the Ministry of Finance.

Russia’s rough exports reached 5.416 million carats in the third quarter of 2015 - down 28% year-on-year. In value terms, its exports slumped to $ 583 million or 1.7 times as less as last year. Alrosa reportedly sold 4.9 million carats in the third quarter of 2015.

In Q3, the largest buyer of Russian rough both in volume and value was Belgium. Antwerp purchased 3.59 million carats - down 27% compared with one year ago. India, bought 1.024 million carats (a drop of 41%), and Russia’s diamond export to Israel reached $ 59 million.

Rough imports to Russia decreased by 10% in Q3 to 7,250 carats estimated at $22.7 million.

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