Consumers attracted to diamond jewelry more than ever

Ali Pastorini is the co-owner of Del Lima Jewelry and President of Mujeres Brillantes, an association which brings together more than 1,000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

21 september 2020

WDC actively supports initiatives from mine to retail; and also strives for support for the artisanal and small-scale miners - Edward Asscher, President, World Diamond Council

A member of one of the diamond industry and Amsterdam’s most well-known families, Edward Asscher was elected President of the World Diamond Council in June 2020 for a two-year term. Asscher is serving a second time as WDC President, having led the organization...

14 september 2020

Diamonds are one of the few things that have held human fascination in every nook and cranny of the world across time

Dr Usha R. Balakrishnan, a preeminent historian of Indian jewellery based in Mumbai, is Chief Curator of the World Diamond Museum. Being the author and co-author of several volumes of Diamonds Across Time, a new book and an important venture launched...

11 september 2020

Botswana Diamonds to bulk sample KX36 kimberlite, sees commercial potential

Botswana Diamonds recently acquired Petra Diamonds’ exploration assets in Botswana for $300000. The assets that were owned by Petra through its wholly-owned Sekaka Diamonds Exploration, include the KX36 project, a 3.5 hectare kimberlite that was a new...

07 september 2020

Indian diamond industry looks for recovery options

Webinars being the order of the day due to COVID-19 crisis, the Gem & Jewellery Export Promotion Council (GJEPC) of India organized a virtual meeting under its UNCUT 2020 Webinar series on 17 August 2020, inviting all stakeholders to discuss...

31 august 2020

'Demonetisation' slows demand for lower-value roughs

27 january 2017
Mining majors, ALROSA and De Beers, have reportedly been adversely affected due to 'demonetization' in India, which triggered the slowdown in demand for lower-value rough diamonds in Nov. and Dec. 2016, says a report in TOI.
According to the report, small and medium diamond manufacturers in Surat are facing liquidity crisis ever since the government announced demonetisation on November 8, 2016.
The Gem & Jewellery Export Promotion Council (GJEPC) officials told TOI that the import of rough diamonds fell five per cent at $1.4 bn compared to $1.5 bn in the same month in previous year. The import of rough diamonds between April-Dec-2016 had increased by 25 per cent at $12.6 bn compared to $10 billion during the same period in previous year.

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