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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...

Today

Tanzania to cautiously extend ban on export of rough gemstones from tanzanite

Tanzania, which imposed a ban on the export of rough tanzanite more than 1 gram to encourage local beneficiation, said it will cautiously extend the moratorium to other precious stones in the country once it has the capacity to cut and polish all gemstones...

22 may 2017

De Beers sees sales volumes returning to “more normal” levels

De Beers registered a higher than usual volume of sales in the first quarter following a “strong” rebound in demand levels for lower value stones during the first sales cycle of 2017. The unexpected introduction of demonetisation in India late last year...

15 may 2017

If not gemologists, who else will maintain the image of diamonds in consumers’ eyes?

The Moscow State University’s Gemological Centre created in 1995 trains the specialists in rough and polished diamonds, colour gems, jewellery, characterization, expert evaluation, grading and marketing. The MSU’s lecturers and researchers, scientists...

10 may 2017

Manufacturing should be in line with market demand

Ernie Blom, the President of the World Federation of Diamond Bourses (WFDB) for the third term, has served on a range of industry bodies as an executive as well as chairman for many years, including Chairman, Diamond Dealers Club of South Africa; Chairman...

02 may 2017

India's polished exports for April down by 1.7%; rough imports down by 7.3%

18 may 2017
Exports of cut & polished diamonds at $ 1.75 bn for the month of April 2017 showed a decline of 1.76% over exports of $ 1.78 bn in the same month of the year 2016.
Gross imports of rough diamonds for April 2017 amounted to $ 1.74 bn as compared to gross rough diamond imports worth $ 1.88 bn in April 2016 – a decline of 7.38%. In volume terms, gross import of rough diamonds of 16.92 mn carats during April 2017 marked a rise of 9.86% compared with gross imports of 15.41 mn carats in the same month of the previous year, according to the data released recently by the Gem & Jewellery Export Promotion Council of India.
Total exports for all gems and jewellery products for April 2017 were valued at $ 3.73 bn marking an increase of 15.17% over exports of $ 3.24 bn achieved in the same period of the previous year.Total imports for the gems & jewellery sector stood at $ 3.16 bn in month of April up 6.99% from imports worth $ 2.95 bn in April 2016.
Gold jewellery exports amounted to $ 497.35 mn marking a decline of 32.36% over $ 735.31 mn in April 2016 ; while exports of gold medallions & coins rose 82.90% to $ 553.59 mn for April 2017 from $ 302.67 mn for April 2016.

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

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