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SA’s Vutomi project can start production end of 2018 – John Teeling

Botswana Diamonds entered into an option and earn-in agreement with Vutomi Mining and Razorbill Properties, a private diamond exploration and development firm in South Africa last February. It agreed to pay Vutomi a total of £942,000 in cash, of which...

Today

Proximity doesn’t matter, your pocket does: Tanzanians interested in tanzanite jewellery can testify

Tanzanite, a rare blue/purple gem, was discovered in the Merarani Hills of Manyara Region in northern Tanzania in 1967, a few miles from Arusha and Mount Kilimanjaro. It is used as a gemstone and of late Tanzanians are manufacturing quality jewellery...

19 june 2017

Global demand for polished diamonds will remain steady – Ali Pastorini

Ali Pastorini, senior vice-president of the World Jewelry Hub, answered questions from Rough & Polished concerning the world diamond market, preferences of consumers and role of bank crediting.

13 june 2017

Eternal values in Malaya Bronnaya Street

The assay supervision in Russia is 317 years old. Much younger is the Moscow Gemological Certification Centre (MGCC) established under the Assay Chamber and located in the same ancient respectable mansion at 18, Malaya Bronnaya Street. The MGCC employees’...

05 june 2017

Diamonds will have the greatest potential in 2017

Mumbai-based Rajesh Bhagat, India Consultant of Hong Kong Trade Development Council (HKTDC) who oversees HKTDC’s operations across India, Sri Lanka and Bangladesh, has been assisting companies, particularly small and medium enterprises (SMEs) in the...

29 may 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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