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

Global rough diamond output soars in 2017

11 july 2018

news_11072018_KP.pngThe Kimberley Process (KP) said global rough-diamond production leaped 19 percent to 151 million carats in 2017.
Output also jumped 29 percent in value terms to $15.87 billion last year.
Russia remained the largest producer as it recorded an output of $4.11 billion in value terms and 42.6 million carats in volume terms.
Canada overtook Botswana as the second diamond producer by volume as its output rose 78 percent to 23.2 million carats.
Botswana produced 23 million carats.
The southern African country, however, remained as the second largest producer by value as it recorded an output of $3,33 billion in 2017 compared to Canada’s $2.06 billion.
South Africa was ahead of Canada in terms of value as it recorded a 147 increase in output to $3.09 billion thanks to improved average price of its stones that jumped 113 percent to $319 per carat.
South Africa’s output by volume was 9,7 million carats putting it behind the Democratic Republic of Congo (DRC)’s 19 million carats and Australia’s 17,1 million carats.
Meanwhile, KP said global rough imports leaped 3 percent to $50 billion for the year, with total volume up 28 percent to 490 million carats.
However, the average price of imports eased 20 percent to $102 per carat.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished