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

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