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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 cut & polished diamond exports up 3.67% in May

19 june 2017
Exports of cut and polished diamonds from India were $ 2.05 bn in May 2017, a rise of 3.67% as compared to the $ 1.98 bn in the month of May in year 2016, according to provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC) of India.
Rough imports during the month at $ 1.86 bn were up 22.5% in value terms compared to $ 1.52 bn imported during the May in 2016. In volume terms, 15.1 mn carats of rough were imported during the month, a rise of nearly 50% compared to imports of 12.11 mn carats during May ‘16.
Imports of cut and polished diamonds were down 1.9% to $ 244.47 mn in May 2017 from $ 249.07 mn in the same month in 2016.
Exports of cut and polished diamonds in April-May 2017 were up 1.09% to $ 3.80 bn as compared to $ 3.75 bn in the same period a year earlier.
Import of rough diamonds rose to $ 3.61 bn, an increase of 5.97% as compared to $ 3.40 bn during the same period a year earlier. In volume terms, imports rose by 27.31% from 27.51 mn cts in April-May ’16 to 35.02 mn cts in April-May 2017.

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

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