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China's Diamond Consumption Continues to Decline
   2015-02-20 21:01:39    CRIENGLISH.com      Web Editor: Fei

Diamond [Photo: sina.com.cn]

The amount of polished diamonds imported into China has declined for a fourth consecutive month.

Last month, the country imported polished diamonds worth more than 150 million U.S. dollars, down 24 percent compared with the previous January.

Sluggish global economic recovery and a weak domestic market have contributed to the decline.

Last year China's diamond consumption hit a record high thanks to robust growth in the first three quarters.

Polished diamonds worth more than 2.2 billion U.S. dollars were exported to the country in 2014.

China is now the world's second-largest diamond consumer and fourth-largest rough diamond trader.

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