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A new brand has come to the Russian market - LA VIVION

How this had happened was disclosed in an interview with Rough&Polished by Andrey Yanchevskiy, CEO of LA VIVION, who, having turned from a programmer into a jeweler, proved that algorithms and diamonds are a promising combination in business.

14 august 2017

KGK says Botswana lacks capacity, expertise to produce diamond jewellery

KGK Diamonds Botswana opened its operations in the southern African country and the world’s second largest diamond producer in value terms, in 2014 and it is currently cutting and polishing rough sourced from De Beers’ Diamond Trading Company. Company...

07 august 2017

Jewellery might not come under the category of basic necessity, but for women it is a need

Enchanted by the City of Gold-Dubai, brothers Kiran Pethani and Anil Pethani travelled from their little village in Gujarat, India to Dubai in search of a better livelihood. In 1993, they started working for a jeweller in Gold Souk where they learnt...

31 july 2017

"The government should financially support the setting up of skills development units and Gems and Jewellery parks" suggests Sanjeev Agarwal, CEO, Gitanjali Exports Pvt Ltd.

Sanjeev Agarwal has a unique combination of experience encompassing FMCG, Banking & Finance and the Luxury Retail Sectors with Unilever, Cadburys and Deutsche Bank. Sanjeev’s next move to World Gold Council as Managing Director (India-subcontinent)...

24 july 2017

Virtual Possibilities of Jewellery Market

Online jewellery trading in Russia – since it started boosting and becoming more popular among the consumers - is of keen interest among the market players and is a topical issue. Dmitry Zamyshlyaev, Deputy Head of the Federal State Enterprise ‘Assay...

17 july 2017

US polished trade slows in February

20 april 2017
US polished diamond imports slid 15% to $1.49 billion in February, according to government data.
By volume, polished imports fell 18% to 635,000 carats, with the average price increasing 3% to $2,345 per carat, figures showed.
Polished exports dropped 11% to $1.75 billion. Net polished imports — the difference between inbound and outbound shipments — stood at negative $257 million, compared with negative $214 million last year, as exports once again exceeded imports in February.
During the month, exports to Hong Kong stood at $633.1 million compared with imports of $62.4 million, dragging down the net figure.
Total rough imports to the US went up 14% to $50 million, while rough exports leapt 37% to $31 million, leaving net rough imports 10% lower at $20 million.
The US net diamond account for the month, calculated as total rough and polished imports minus total exports, stood at negative $237 million compared with negative $192 million a year earlier.
During the first two months of the year, polished imports fell 14% to $3.25 billion, while polished exports decreased 13% to $2.99 billion, meaning net polished imports fell 24% to $261 million.
Rough imports, however, soared 90% to $170 million, and rough exports increased 78% to $86 million, resulting in net rough imports more than doubling to $84 million from $41 million a year ago.
The US net diamond account for January and February, meanwhile, dipped 10% to $345 million.

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