“Lab-Grown Diamonds is probably the biggest scam this industry has ever seen,”: Leibish Polnauer, Founder-President, Leibish & Co.

An interesting story from the Leibish & Co takes you way back to the year 1979 when young Leibish Polnauer, then a diamond polisher, was travelling to London, having just found out that the factory at which he worked had been shut down. He found an advertisement...

24 june 2019

Botswana mining industry players speak on speculative exploration licences

Speculative mineral exploration licences was a recurring theme from presentations made by three players in Botswana mining industry at a conference convened in Gaborone. The country has issued thousands of exploration licences, across the mining industry...

17 june 2019

Design is the key to all markets

Besides being an astute businessman, Mumbai-born Laksh Pahuja is a designer par excellence known globally for his awe-inspiring unusual jewellery pieces. Trained at the Gemological Institute of India and Harrow College of Art England, Laksh combines...

10 june 2019

Mutual mass destruction will not serve anybody’s purposes

The recent moves by the U.S. Federal Trade Commission (FTC), including its letters urging some companies to abide to the revised edition of FTC Jewelry Guides and the explanations from FTC attorney Robert Frisby posted on the FTC website were...

03 june 2019

Pavel Sokolov: Every stone has its beauty

THE ‘GEMSTONES BY SOKOLOV’ brand has been popular for over 25 years. The aim of this company is to supply any kind of gem studs to the Russian market including the unique ones except diamonds of any cut. The product range by the SOKOLOV Company is very...

27 may 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