Diamond exports rebound in first quarter

Wednesday, May 02, 2012

The revival of the country's diamond exports continued in March, with preliminary data indicating a month-on-month leap of 32 percent to P2.95 billion.

The March figure brings the value of diamond exports for the first quarter of 2012 to approximately P6 billion.

At that level, the first quarter figures are marginally lower than the P6.2 billion for the fourth quarter of 2011 but still represent the strengthening of diamond exports following a three-month slump that began last November.

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