According to government data, fell by 2% in November this year, polished diamond imports to the US, to $ 1.59 billion.
Polished imports by weight increased by 6% to 779,732 carats as the average price fell by 7%, to $ 2042 per carat. Polished exports rose 25% to $ 1.7 billion, while net imports fell to minus $ 108.8 million against an additional $ 260.7 million in the same period a year earlier.
Rough imports grew more than doubled to $ 72.3 million, versus $ 31.6 million a year earlier, while rough exports jumped to $ 73.2 million, compared with $ 19.8 million in November, a year earlier. Net imports of diamonds in the US fell to minus $ 899 000 against, plus $ 11.8 million in the same period of the previous year.
The balance of the diamond trade, reflecting the difference between net imports and exports decreased to minus $ 107.9 million, while in November 2015 it amounted to an additional $ 248.9 million.
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Petra Diamonds, which is currently evaluating the discovery of kimberlite in Botswana KH36 suggests that from an economic point of view of its development can not be justified.
KH36 Project Manager in Botswana Tumelo Mokgaotseyn Maureen (Maureen Tumelo Mokgaotsane) said at a conference in Botswana that kimberlite testing is still in progress.
"We're still trying to figure out if we have chances at the beginning of the development of the mine, or not, - she said -. We have a lot of work in this direction."
Petra began the second phase of drilling large diameter on the KH36 in the second quarter of fiscal 2015 in order to obtain about 720 carats of diamonds to create a batch of 100 carats.
Previously, the company was able to produce about 285 carats of diamonds through the first phase of the fence bulk sample.
It is expected that the drilling program will be completed towards the end of the first quarter of 2016 fiscal year.
Initial assessment KH36 resources suggests that the project lies 24.9 million tons of rock with a diamond content of 35.2 carats per the tons of ore, or 8.8 million carats.
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