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

Hong Kong’s jewellery retail sales on ‘free fall’; records steepest decline in October

04 december 2019
According to the government’s data released recently, the Retail sales in Hong Kong continued their downward trend in October, with the jewellery category recording the steepest decline.
The Census and Statistics Department said total retail sales in October plunged 24.3 percent, the largest year-on-year decline for a single month on record, due to increasingly violent social incidents in the city that disrupted consumption sentiment and tourist arrivals.
Retail sales of jewellery, watches and clocks, and valuables were down 42.9 percent; followed by clothing, footwear and allied products, which fell 36.9 percent; and department stores, which recorded a 31.1 percent drop.
Data from the Hong Kong Tourism Board meanwhile showed a 43.7 percent drop in tourist arrivals to Hong Kong in October to 3.31 million from 5.88 million during the same period last year.

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