Support The Moscow Times!

Diamond Exports Soar 19%, Belgian Demand Strong

Russia exported nearly 20 percent more diamonds in the first half of 2013 than during the same period last year, the Finance Ministry said Wednesday.

The country sold 18,309,000 carats of raw diamonds in January-June worth a total of $2.32 billion, a rise of 18.6 percent year on year, the ministry said.

The main buyers of Russian raw diamonds in the first half of 2013 were Belgium, India, the United Arab Emirates and Israel, the ministry said. Belgium alone purchased 11,880,000 carats worth $1.49 billion.

According to the Finance Ministry, Russia's raw diamond output dropped 0.6 percent in 2012 from the year before to 34,900,000 carats, while exports of raw diamonds decreased by 7.9 percent to 29,805,000 carats worth about $3.9 billion.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more