Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

India’s December 2015 polished exports down 17%; rough imports up 2.5%

22 january 2016
India’s cut and polished exports for December ’15 declined by 17 percent recording $1.2 billion as against $1.45 billion in Dec. ’14. This is a straight downslide in the Indian industry’s export performance for the last 9 months, due to the global slowdown in consuming markets worldwide. In volume terms, exports recorded as 1.88 m cts were exported in Dec ’15 in comparison to 1.98 m cts in Dec. ’14, according to provisional data announced by the Gem & Jewellery Export promotion Council (GJEPC) of India.
For the period of April to Dec. ’15, polished diamond exports totaled $14.8 billion as against $17.3 billion for the period from April to Dec. ‘14, registering a decline of 14.5 percent. In volume terms, 24.4 m cts of polished goods were exported in the period April to Dec. ’15 compared to 25.9 m cts during the same period in 2014.
Rough imports recorded a slight increase of 2.5 percent to $1.46 billion for Dec. ’15 as against $1.4 billion in Dec.’14. In volume terms too, 15 m cts of rough was imported in Dec ’15 compared to 14 m cts for the same month in the previous year. However, for the period Apl. to Dec. ’15, rough imports recorded $10.1 billion as against $13.3 billion during Apl to Dec. ‘14, registering a decrease of 24 percent. In volume terms too, rough imports declined, registering 95.5 m cts for Apl. – Dec. ’15 compared to 112.7 m cts for the same period in 2014.
Rough exports showed a decline of 7.3 percent, registering $99.64 million for Dec. ’15 as against $ 107.45 million for Dec.’14. In volume terms too, rough worth 2.27 m cts were exported in Dec. ’15 compared to 2.22 m cts for the same month in the previous year. For the period Apl. to Dec. ’15, rough exports recorded $775.14 million as against $1 billion during Apl to Dec. ‘14, registering a decrease of 27.5 percent. In volume terms too, rough exports decreased, registering 20.4 m cts for Apl.- Dec. ’15 compared to 24.6 m cts for the same period in 2014.
About $239 million worth of polished diamond was imported in Dec. ‘15 as against $441.56 million in Dec ‘14, showing a decrease of 46 percent. Imports of polished diamonds for the period Apl. to Dec. ‘15 also indicated a decline of 60.7 percent to $2.1 billion from $5.3 billion for same period 2014. The decrease is attributed to the government’s curbs on polished imports in order to support the local diamond cutting& polishing centres in the country.

Aruna Gaitonde, Editor-in-Chief of Asian Bureau, Rough & Polished