Israel’s polished diamond exports bounced back in the first quarter as orders from Switzerland and the US grew during the period.
Outbound polished shipments jumped 16% to $1.7 billion in the January-to-March period, according to the nation’s Ministry of Industry, Trade and Labor. The increase was only the third positive quarter for polished exports out of the past two-and-a-half years, according to Rapaport calculations.
Switzerland was the largest export market for the Israeli trade, with shipments rising significantly to $535.1 million during a quarter that included the annual Baselworld show. Exports to the US increased 3.5% to $513.9 million.