Australian Production of Diamonds Declines

The Australian Bureau of Agricultural and Resource Economics (ABARE) reports that the production of diamonds, which came to 24.6 million carats, declined in Australia this year. Last year diamond production amounted to 25.35 million carats.

Diamond exports were valued at A$726 million as compared to A$836 last year.

This year, Australia imported 3.43 million carats valued at A$397 million in comparison to 4.1 million carats, valued at A$403 million a year ago.