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Ali Pastorini: Selling just the idea of glamour is no longer enough

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 1000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

21 may 2018

Diamonds are shifting from occasional to daily wear

Joy Alukkas started his first jewellery showroom in UAE in the year 1987, and today the Joyalukkas Group is a multi-billion global conglomerate with varied business interests. Beginning with a single jewellery room in Abu Dhabi, Joy Alukkas has grown...

14 may 2018

GJC has played a crucial role in the last 10 years in improving the compliance level in the industry

Coming from a renowned family of jewellers based in Akola, Maharashtra, Nitin Khandelwal heads Khandelwal Jewellers (Akola) Pvt Ltd. He has interests in the Plastic industry, Real estate, Health & Recreation and Cold storage industries as well...

07 may 2018

Johnson: ASM diamond sector a potential new source of supply for De Beers

De Beers recently said that it is planning to pilot a programme called GemFair that will create a “secure and transparent route” to market for ethically-sourced artisanal and small-scale mined (ASM) diamonds. GemFair would partner with the Diamond...

03 may 2018

Zimnisky: Hard to protect lab-diamond price as production methods, economics improve

Paul Zimnisky, an independent diamond industry analyst and consultant, said it will be very difficult for the lab-diamond manufactures to protect price as production processes and economics improve. He told Rough & Polished’s Mathew Nyaungwa in an exclusive...

23 april 2018

Polished diamond prices remain flat in June

14 july 2017
Polished diamond prices remained flat in June 2017, says IDEX Online in its latest analysis of polished diamond prices.
IDEX reported, that in June global polished diamond prices increased just by 0.05% over May. Compared to June 2016, the average price has shown a 4.9% decrease.
Since the middle of last year, polished diamond prices have shown a decline, with the index being “at its lowest point for four years”, according to IDEX. Since January 2013 to date, there has been a 10.1% decline.
Over the long term, 4-ct stones have shown the most price volatility, while 3-carat diamonds have displayed the steepest year-over-year decline since mid-2015. In addition, from December 2015, there has been relative price stability in 1-ct, 1.5-ct and 2-ct stones.
As for the near future, IDEX Online sees a slowing down. According to major diamond trading centres, activity is stable.
Reports from the JCK Show in Las Vegas, as well as June Hong Kong Gems and Jewellery Fair, indicate that foot traffic was lower than in previous years, but buyers were more serious. However, buyers said that rough diamonds were too high which did not help them to make profits.

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

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