diamond biz pic 88.
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Exports of polished diamonds were down 12 percent to $6.24 billion in 2008, the Industry, Trade and Labor Ministry reported Sunday. Exports of polished and rough diamonds were more than $9.5b. in 2008. The diamond industry recorded its best year in 2007, when exports of polished and rough diamonds exceeded $12b.
As the global financial crisis hit the diamond industry in the fourth quarter, imports of polished diamonds for the year fell 4% to $4.38b. Rough-diamond imports fell 12% to $4.48b., while rough-diamond exports were down 2% to $3.31b.