Market NewsNewsJapan's polished imports up 0.6% in April

Japan's polished imports up 0.6% in April

Polished imports into Japan in April rose by 0.6% to $85.7 million, compared to 2004, according to figures compiled by the Jewelry Trade Center (JTC) Incorporated.

In yen terms, imports declined by 0.7% to 9.0 billion yen in April. In terms of volume, imports fell 13.9% to 171,000 carats.

Based on the overall PolishedPrices index, which is currently 12.2% higher than a year ago, the figures suggest that Japanese consumers have not increased their spending on diamonds, but are spending the same amount of money and trading down.

By Richard Platt. 

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