Indian gem and jewellery manufacturers have the skill and capabilities to cater to any market in the world

Besides spearheading the “White Paper” last year, Colin Shah, Vice Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) has been actively involved in the initiatives of the Council like MyKYCBank and many more… A first generation...

11 february 2019

The Indian gems and jewellery industry was progressing in the past and will certainly progress in the future

Dinesh Navadiya, the Regional Chairman (Gujarat Region) of The Gems & Jewellery Export Promotion Council (GJEPC) of India, is also the representative of the Gujarat G&J sector at various organisations as well as government authorities...

04 february 2019

The Russian Diamond Line: We do not believe that gifted persons would win through on their own

The Russian Diamond Line, a Moscow international jewellery contest of jewellery design, has been held for a decade already. At the end of the year, the results of the jubilee RDL-2018 contest were summed up, and on December 14, the prizewinners of the...

28 january 2019

New lending will have to be fully asset-backed with true provenance and transparency in the flow of goods and monies

After handling Gem & Jewellery (G&J) industry financing as a banker for many years, Erik A Jens sees an opportunity now that numerous banks are withdrawing from the sector. He is exploring opportunities to establishing a financing firm focusing...

21 january 2019

The majority of women don’t care whether their diamonds are mined or lab grown - Alex Popov, CEO of Âme

Alex Popov, President of the Moscow Diamond Bourse and former Chairman of the World Diamond Mark Foundation (WDMF) launched a new jewelry brand under the name of Âme focused on design and using lab grown diamonds to produce jewelry meant to meet...

14 january 2019

Antwerp polished diamond prices rise in holiday period

13 september 2018
news_19062018_awdc.pngThe Antwerp polished-diamond trade saw a higher average price per carat, with prices for exports of polished diamonds increase by 6%, during August when the industry takes a small break, according to the Diamond Loupe. 
The volume of Antwerp’s polished diamond exports during the month of August declined by 14% on a yearly basis, though the prices for those goods increased by 14% resulting in a 33% rise in the average price per carat, the agency cited the data from the Antwerp World Diamond Centre. The average price also increased by 6% to $2,517 per carat compared to the previous month.
The volume of polished diamond imports rose by 10%, yielding a 13% rise in the value of polished goods traded. The average price of imports rose by a modest 2.5% year-over-year. Since January, polished-diamond imports have risen by 6% in volume and 5% in value to $7.8 billion as prices have remained stable. Polished exports have fallen by 2% in volume this year, but the overall value of the polished trade has risen by 3% to $7.7 billion as the average price per carat has gained 6% to $2,410.
In the rough diamond trade the industry saw an increase in prices per carat by 16% in August 2018 compared to the same month in 2017. Imports of rough diamonds fell 17% in volume resulting in a just a 2% decline in the value of those imports.
The volume of rough exports fell 16%, yet exports only lost 0.5% in value in the month of August. The average price per carat of exported fell to $103 from $124 in July. For the first eight months of the year, Antwerp’s rough diamond imports stayed at 62 million carats while the value of those imports has risen more than 5% to $7.5 billion. The volume of rough diamond exports from the diamond capital are down by less than 2% at 82 million carats, while their value has also increased by 5.5% to $8.7 billion, as the average price has risen by 7% .

Victoria Quiri, Rough&Polished