Israeli jewelry importers and exporters conducted significantly less trade by dollar value in the first half of the 2012 calendar year than they did in the year previous, according to statistics released by the Ministry of Industry Trade and Labor. This drop in jewelry imports and exports was at least in part due to the decrease in the prices of precious metals in this period.
Sixty-one million dollars of gold jewelry was exported from Israel between January and June 2012, 23% less than the $79 million exported during this period in 2011. Fifty million dollars worth of jewelry from silver and other metals was exported from Israel during 2012 H1, a 22% drop from 2011 H1's $64 million.
Regarding imports of jewelry to Israel, $72 million worth of gold jewelry and $9 million of jewelry from silver and other metals was imported in 2012 H1, compared to $80 million of gold jewelry and $10 million of jewelry from silver and other metals imported in 2011 H1. Both of these signified a 10% drop, year-over-year.
Deputy Manager of the Diamond and Jewelry Administration Sigal Shidlovski provided the statistics from the Ministry of Industry Trade and Labor.
Information Courtesy of the Israel Jewelry Manufacturers Association