Young Diamantaires: We create initiatives for the benefit of diamond communities worldwide

The World Federation of Diamond Bourses recently launched its Young Diamantaires website. The organization has worked for the past four years with young members of the diamond community all over the world to create a platform through which they can express...

29 june 2020

Those who implement the right anti-crisis strategies have more chances

It is not surprising that because of the pandemic and the crisis, the most heated debate in the jewellery industry is about what is happening and the possible ways of survival. Irina Slesareva, an expert, art director of the Russian Diamond Line contest...

22 june 2020

The secondary diamond market in Russia is not mature although its prospects are huge

Pavel Barannik, the founder and head of the Moscow Gemological Laboratory, the founder of the Gemological Institute and President of the Moscow Diamond Club, graduated from the Gemological Institute of America (GIA). He is an expert and consultant...

15 june 2020

Johan Erikson: The industry needs to spend more on advertising and marketing

First Element is a fully independent Diamond Services Company registered in Belgium, Botswana, South Africa and Dubai. First Element is committed to providing a world class diamond service aimed at adding value to the entire supply chain, from the daily...

08 june 2020

African diamond firms on COVID-19 response, recent developments

Rough & Polished recently contacted several diamond producers and exploration companies with operations in Africa to establish how their operations were affected by the Covid-19 pandemic and what they are doing to alleviate the impact. We also sought...

01 june 2020

India’s polished diamond exports down 15.39% during October

15 november 2019

india_flag.pngDuring October, cut and polished diamond exports declined by 15.39% year-on-year totalling $ 1.95 bln during during October as against $ 2.30bln during October 2018, according to the provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC) of India.
Rough imports during October fell by 19.61% to $ 795.92 mln as compared to $ 990.09 mln imported during the previous October. In volume terms, rough imports moved up marginally by 2.48% to 9.90 mn carats in October 2019 from 9.66 mn carats during October 2018.
Imports of cut and polished diamonds rose to $ 165.13 mln in October 2019 from $ 92.11 mln in October 2018.
Exports of rough diamonds totalled $ 98.48 mln in October 2019 as compared to $ 133.02 mln a year earlier.
Exports of polished lab-grown diamonds stood at $ 53.75 mln during October 2019 as against $ 26.72 mln a year earlier.
Imports of rough lab grown diamonds stood at $ 9 mln during the month, down from $ 10.37 mln a year ago.
Imports of polished lab grown diamonds rose to $ 22.84 mln in October 2019 as compared to $ 5.67 mln in October 2018.
For the first seven months of the current fiscal, polished diamond exports during April-October 2019 were down 18.31% to $ 12.24 bln as against the $ 14.99 bln exported over the same period last year.
Imports of polished diamonds fell by 7.77% to $ 793.83 mln as compared to $ 860.70 mln for the same period year 2018.
During April-October 2019, import of rough diamonds showed a decline of 22.15% to $ 7.32 bln from $ 9.41 bln during the same period a year earlier.In volume terms, imports fell by 9.90% from 94.31 mn cts in April-October 2018 to 84.98 mn cts in the same period in the current fiscal.
Exports of rough diamonds totalled $ 713.46 mln in April-October 2019 as compared to $ 736.16 mln a year earlier.
Exports of rough lab grown diamonds stood at $ 6.77 mln in April-October 2019 as against $ 5.87 mln in the same period a year earlier.
Exports of polished lab-grown diamonds stood at $ 254.08 mln during the April-October 2019 period as against $ 123.68 mln a year earlier.
Imports of rough lab grown diamonds stood at $ 83.45 mln in the first seven months of the fiscal, up from imports of $ 75.41 mln a year ago.
Imports of polished lab grown diamonds rose to $ 144.03 mln in April-October 2019 as compared to $ 42.29 mln a year earlier.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished