Login

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...

Today

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

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.

Comments

Only registered users can add comments (Register, Login)