Virtual Possibilities of Jewellery Market

Online jewellery trading in Russia – since it started boosting and becoming more popular among the consumers - is of keen interest among the market players and is a topical issue. Dmitry Zamyshlyaev, Deputy Head of the Federal State Enterprise ‘Assay...

17 july 2017

Too early to say good days are back, but the industry is witnessing changes

Rajesh Lakhani, Director of Kiran Gems Pvt Ltd has more than 20 years standing in the diamond industry shouldering major responsibilities at Kiran including planning, developing and managing global marketing, sales and distribution of polished goods...

10 july 2017

The task of all the jewellery community is to back up the history of natural diamond, its myths, its reputation of a rare and most precious gem

Russkaya Yuvelirnaya Kompaniya No. 1 Holding comprising the Moscow jewellery factory of the same name and the retail chains in Novosibirsk and Moscow manufactures exclusive jewellery pieces and sells them on the Russian market. It specializes in making...

03 july 2017

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...

26 june 2017

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

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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