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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

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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