The exports of Israel’s rough diamonds increased by 116.7 percent year on year in the first third of 2021, bouncing back from a sharp drop in 2020 caused by the coronavirus pandemic, the Ministry of Economy and Industry said in a statement on Sunday.
From January to April in 2021, Israel’s rough diamonds exports totalled 522.3 million U.S. dollars, compared with 241 million dollars during the same period in 2020.
In April alone, there was a jump of about 1,887 percent in Israeli rough diamond exports, from 6.67 million dollars in April last year to 132.5 million dollars.
More than 13.5 percent of the total exports of Israeli rough diamonds, or about 18 million dollars, were to the United Arab Emirates (UAE), with which Israel signed a historic normalization agreement in September 2020.
Israeli exports of polished diamonds rose in the first four months of the year by 30.5 percent, and in April by 735.2 percent, compared to the same periods in 2020.