Color diamonds are more valuable and desirable and a better investment

In 1993, Eyal Cohen started his career as a diamond cutter, sitting by his father’s side as an apprentice. 4 years later, he was recruited by a jewelry firm, where he learned to appreciate natural colored diamonds. In 2003, Eyal opened his own company...

17 september 2018

Debate on the main issues affecting the diamond business is absolutely critical - Ernie Blom

Having taken part in the fruitful discussions with the world leaders at the Asian Summit held recently in Vladivostok, Ernie Blom, President, World Federation of Diamond Bourses (WFDB) now looks forward to taking the worthy inputs received at...

10 september 2018

Reflecting the nature of the industry, US jewellery market is significantly seasonal with great ‘ebb and flow’ in demand, opines Vin Lee

Vin Lee, CEO of Beverly Hills-based Grand Metropolitan, a privately-held luxury goods holding company had migrated from Canada as a child. And one can see that it did not take him long to ascend the US luxury world, establishing himself as a formidable...

27 august 2018

Vladimir Zboykov: New times have come for jewelers

How a personal collection of minerals was thrown on the scrap-heap, who is behind the destruction of gemstone consumption culture in Russia and why jewelers will soon have to choose between business and prison – all this was told to Rough & Polished...

20 august 2018

Changing preconceptions in the diamond and financial markets

Eli Avidar is a man on the move…literally. In April, the former Israeli diplomat stepped away from the CEO’s office at the Israel Diamond Exchange, a position he had held for more than two years, and from the Israel Diamond Institute, where he had been...

13 august 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