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Lucapa to become a niche diamond company, says Wetherall

Lucapa Diamond believes that it will become the only company in the world with multiple diamond mining operations whose average diamond value is in excess of $1,000 per carat, once the Mothae mine is commissioned this year. Company chief executive and...

19 february 2018

Zimnisky: Diamonds lack fungibility to be a major investment product

Physical diamonds will never be a viable widespread investment product simply because they inherently lack fungibility, meaning they are all unique, according to Paul Zimnisky, an independent diamond industry analyst and consultant, who is based in New...

12 february 2018

Julien-Vincent Brunie: "Being surrounded by beauty and art is a privilege!"

This last December, shortly before Christmas, the Auction House of Christie's arranged a private display of jewelry in Moscow. The correspondent of Rough & Polished, who had an opportunity to visit this event, was able to admire a luxurious collection...

05 february 2018

Ali Pastorini: We would like meeting Mujeres Brillantes 2018 to be held in Russia

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 500 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

29 january 2018

Diamond Exchanges promote healthy development of the diamond industry, besides safe and basic infrastructures for diamond trade

Prior to joining the Guangzhou Diamond Exchange, Liang Weizhang served as a civil servant of Guangdong Entry-Exit Inspection & Quarantine Bureau as the director of the Kimberley Process Office. He participated in the KP Review missions to South Africa...

22 january 2018

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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