Israel's Diamond Industry Is Growing Across The Board

According to data released by the Israeli Ministry of Economy and Industry, Israel’s diamond imports and exports have increased substantially in the first three quarters of this year, continuing the good trend since the fourth quarter of 2020.

In the first three quarters of this year, Israel’s total imports of rough diamonds were US$1.47 billion, a year-on-year increase of 137%; total exports reached US$1.34 billion, a year-on-year increase of 160%. The import value of polished diamonds was US$2.1 billion, a year-on-year increase of 121%; while the export value was US$2.57 billion, a year-on-year increase of 49%.

In the past month, Israel's export of rough diamonds to the UAE was US$21.3 million, accounting for approximately 12% of the total export of rough diamonds in September; while Israel imported US$19.2 million in rough diamonds to the UAE, accounting for approximately US$19.2 million in total imports in September of 22.5%.