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Pavel Vinikhin: ALROSA will make a worthy contribution to the revival of the ‘Russian Cut’ Brand

ALROSA is known as the largest diamond mining company throughout the world. However, not everyone is aware that it has its own diamond-cutting division. For a long time, the activity of DIAMONDS ALROSA remained in the shadows, only occasionally attracting...

16 october 2017

William Lamb: Lucara now knows best routes to market large stones

Lucara Diamond recently announced that Graff Diamonds had bought its 1,109 carat diamond Lesedi La Rona for $53 million. The stone, which is the world’s second largest diamond found since the discovery of the 3,106-carat Cullinan diamond in 1905, failed...

09 october 2017

GSI was the first in the world to begin testing of smaller size diamonds in bulk and has never looked back since - Mark Gershburg

With more than 30 years of experience in the gem lab sector under his belt, Mark Gershburg is an industry veteran widely popular in the global gem and jewelry industry. He began his career in 1980 as a grader but his professionalism, creativity, and...

02 october 2017

Gaetano Cavalieri: Over the long term, demand for diamonds is likely to grow at a steady pace

The World Jewellery Confederation (CIBJO) represents the entire jewelry industry embracing a whole variety of companies, from those mining precious metals and gems to those, which are manufacturing and selling final products. The confederation...

25 september 2017

“I am bullish on the future of the diamond business. Three reasons for this optimism... new discoveries, extending mine life and the increasing demand for diamonds”, says Martin Leake

Martin Leake is a PhD exploration geologist and Six Sigma black belt who has been involved in the rough diamond market since 2004. He worked for BHP Billiton for 22 years and recently left Grib Diamonds where he helped set up a world-class marketing...

18 september 2017

India’s February polished diamond exports up 3%

20 march 2017
India's exports of cut and polished diamonds recorded at $ 2.41 bn in Feb. 2017 as compared to the US$ 2.34 bn in the same month in Feb.2016, a rise of 3.27%, according to provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC).
Rough imports during Feb. 2017 at $ 1.51 bn were down 2.9% in value terms compared to $ 1.55 bn imported during February 2016. In volume terms, 17.8 mn cts of rough were imported during the month, a rise of 14.1% compared to imports of 15.6 mn cts during Feb. ‘16.
Imports of cut and polished diamonds were down 19.8% to $ 177.89 mn in Feb. 2017 from $ 221.73 mn in the same month a year earlier.
Exports of cut and polished diamonds for the Apl 2016-Feb. 2017 period were up 11% to $ 20.92 bn as compared to $ 18.84 bn during the same period a year earlier.
During the fiscal year to date, Import of rough diamonds rose to $ 15.46 bn, an increase of 22.17% as compared to $ 12.66 bn a year earlier. In volume terms, imports rose by 10.63% from 123.4 mn cts in April ‘16- February ’17 to 136.5 mn cts in the same period this year.

Aruna Gaitonde, Editor-in-Chief of Asian Bureau, Rough & Polished

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