Israel sees 1.3pc decrease in diamond exports in '18

8 January, 2019 12:00 AM printer

JERUSALEM: Israeli diamond exports decreased by 1.3 percent in 2018 to 6.73 billion U.S. dollars compared with 2017, according to data released Sunday by the state's Ministry of Economy.

The ministry said that despite the decrease, the recent figures showed that Israel's diamond exports have stabilized after five years of sharp decline, reports Xinhua.

For many years, diamond was Israel's leading export sector, but between 2012 and 2017 it saw a drop by 40 percent.

The data also showed that Israel's polished diamond exports fell 2.5 percent in 2018 to 4.48 billion dollars, while rough diamond exports rose by 1.1 percent to 2.25 billion dollars.