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...

Yesterday

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

Chasing a dream…

Elina Chan, MD of Shenzhen Shi Qing Yu Zhubao Ltd completed her higher education from Xiamen University and Master’s degree from Hong Kong University. To achieve her dream to start a business, Elina gave up numerous job opportunities in Hong Kong and...

06 august 2018

Pangolin Diamonds using termites to find kimberlite indicators in Botswana

It is not a secret that the rate of kimberlite discovery in Botswana has dropped considerably and research has shown that termites can help diamond explorers have an understanding of the transport mechanism of kimberlite indicator minerals from the kimberlite...

30 july 2018

In another fifty years, we’ll have a different scale of valuation, and all those items of natural origin – including diamonds – will sharply increase in price

Within the framework of the Qatar-Russia 2018 Year of Culture, the World Diamond Museum hosts an exhibition of the Qatar Museums at the State Historical Museum in Moscow – "Pearls: Treasures of the Seas and the Rivers," that opened on 11 July...

24 july 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.