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It's our responsibility to capture the imagination of future generations towards diamonds

As CEO of Beverly Hills-based Grand Metropolitan - a privately-held luxury goods holding company with a 130-brand portfolio - Vin Lee carries the burden rather lightly on his shoulders. Having migrated from Canada as a baby, it did not take long for...

11 december 2017

‘Non-diamond producing countries shouldn’t lead KP’

Non-diamond producing countries should not lead the Kimberley Process (KP) as was the case last year with the United Arab Emirates (UAE), according to the African Diamond Council and African Diamond Producers Association chairperson...

04 december 2017

Jewellers’ Guild of Russia sees its mission in creating highly developed national jewellery market

In recent years, the Jewellers’ Guild of Russia has noticeably stepped up its activities. Eduard Utkin, General Manager of this Association told Rough & Polished about what is happening in the country’s jewellery sector, the tasks facing the community...

27 november 2017

Any color diamond is a great investment

Bruno Scarselli belongs to the 3rd generation of the Scarselli family, which has for the last half-century been producing and selling some of the world’s highest quality yellow, blue and pink diamonds available on the market. Bruno heads the company...

20 november 2017

It’s crucial everybody feels confident that their suppliers use the System of Warranties - Stephane Fischler

The System of Warranties (SoW) in the diamond industry dates back to 2002, when the World Diamond Council (WDC) in team with the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association...

13 november 2017

U.S. Polished Imports Steady in January

20 march 2017
U.S. polished diamond imports were flat at $1.77 billion in January, according to government data.
Polished imports by weight slid 8 percent year on year to 840,669 carats, with the average price jumping 8 percent to $2,099 per carat. Polished diamond exports, meanwhile, slipped 1 percent to $1.25 billion, meaning net polished imports crept up 1 percent to $517 million.
Rough diamond imports grew almost fourfold to $120 million from $31 million a year earlier, while rough exports more than tripled to $56 million. Net rough imports leapt to $64 million from $13 million a year before.
The U.S. net diamond account for January, representing total imports minus total exports, rose 11 percent to $582 million.

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