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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

Antwerp’s diamond trade slows in 2017

13 february 2018
Belgium’s diamond trade declined last year, with the nation seeing a drop in shipments of both polished and rough stones.
Polished exports fell 3.4% to $11.4 billion for the year, the Antwerp World Diamond Centre (AWDC) reported. By volume, exports slid 8% to 5 million carats, while the average price climbed 4.6% to $2,276 per carat. Net polished exports — representing exports minus imports — slumped 34% to $269.2 million.
“While demand for polished diamonds worldwide was under pressure…we note that demand from the most important markets, namely China and the US, gradually recovered,” the AWDC said. “Consequently, the polished-diamond market continues to experience difficulties, but the decline is less pronounced than last year.”
While rough imports dropped 11% to $10.73 billion, they jumped 6% in volume terms to 95.3 million carats, reflecting a 16% slide in the average price to $113 per carat. Demand for smaller, cheaper rough stones grew last year, resulting in a decline in the average price across the global market, the organization explained.
Rough exports slipped 0.9% to $12.61 billion, while net rough imports — referring to imports minus exports — stood at negative $1.88 billion, versus negative $638.4 million a year ago.
The country’s net diamond account, representing total exports minus total imports, more than doubled to $2.15 billion, from $1.05 billion a year ago.

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