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In a world where transparency is more and more the standard, our business must address the lab grading issue willingly

Jeweler-Designer Arnaud Flambeau started his career in the jewelry business in 1993 at European Gold Company CLAL as Key Account Manager for the Jewelry Division, where he was in charge of international brands like Cartier or VCA and their subcontractors...

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Vallabhbhai Shamjibhai Patel tells about the ongoing construction of the Surat Diamond Bourse

The under-construction Surat Diamond Bourse (SDB) is India's second diamond trading hub based at Surat, Gujarat, spread across 35.54 acres with more than 4,000 offices for national & international traders. On the onset, the project which...

18 june 2018

The strategy of regulating the Russian jewellery industry

At the General Meeting of the Russian Jewellers Guild Association held in April, two principally important documents were adopted: The Strategy of Regulating the Jewellery Industry of Russia and The Charter of a Good Faith Taxpayer. Besides, the issues...

13 june 2018

Our first priority is to better understand artisanal and small-scale mining - Elodie Daguzan

The Diamond Development Initiative (DDI), the organization dealing with the traditional diamond mining, recently announced the appointment of Élodie Daguzan as its first Goodwill Ambassador. Ms. Daguzan, who currently works as head of communication...

04 june 2018

Zimnisky on De Beers’ Lightbox: It’s a strategic, bold move that will benefit the entire natural diamond industry

De Beers shocked all and sundry end of May when it announced the launch of a new company called Lightbox Jewelry, which will market a new brand of laboratory-grown diamond jewellery in September. This effectively meant that the group had departed from...

01 june 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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