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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 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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