Login

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...

Today

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

High Volumes of Lower-Priced Rough Define Antwerp Trade in Q3

12 october 2017
The trend of high volumes of lower-priced rough diamond exports from Antwerp that started in full force during May continued to define the rough trade through the third quarter (July-Sept.), while the diamond capital’s polished trade recorded somewhat soft results. According to figures published by the AWDC, on a year-over-year basis, the volume of rough diamond exports during the quarter increased nearly 12%, totaling over 27 million carats, while their value actually declined by 13% to $2.7 billion. The volume of rough imports also increased 1.5% while their value also tumbled by 13%. Clearly, lower-priced rough is dominating the trade recently. Meanwhile, the value of polished exports fell 1% during the quarter to $2.6 billion, while their volume fell 5% to 1.2 million carats.
For the year 2017 to date (Jan.-Sept.), the volume of rough exports has increased nearly 17% to 94.2 million carats compared to the same period a year ago, while falling 5% in value to $9.3 billion. A similar trend is found on the import side, as rough volumes increased slightly (1%) while their value has fallen by 13%. Commentators have noted that diamond producers have been unloading excess inventory consisting of primarily lower-quality goods, and have seen their average-price-per-carat figures trend lower this year. Meanwhile, De Beers’ 7th rough diamond sales cycle (ended early September) saw a 21% decrease in value compared to Sight 7 a year ago, following a 1.5% decline in value compared to the first half of 2016. Nonetheless, strong demand for rough has continued, thediamondloupe.com notes.

Alex Shishlo, Editor of the Rough&Polished European Bureau in Brussels

Comments

Only registered users can add comments (Register, Login)