Part 2: KPCSC wants Russia to help end impasse on new definition of conflict diamonds

In the first installment of this two-part exclusive interview with Shamiso Mtisi, the coordinator of the Kimberley Process Civil Society Coalition (KPCSC), we focused on illegal diamond mining in the continent and where the contraband ends up...

25 october 2021

Part 1: KPCSC gives insight into illegal diamond mining, trading in Africa

Although the diamond watchdog Kimberley Process (KP) prides itself for significantly reducing the flow of conflict goods since its establishment in 2003, the Kimberley Process Civil Society Coalition (KPCSC) alleged that illegal diamond...

18 october 2021

The jewelry industry in Russia needs to be upgraded in a serious way

Dina Nasyrova is a vice-president of the International Jewelry Exhibition-Congress J-1 recently hosted by the Atrium of Gostiny Dvor in Moscow. As a partner and the Muse of the famous jeweler Ilgiz Fazulzyanov, she actively participated in the preparation...

11 october 2021

Smiling Rocks, a philanthropic business model, inspires companies to work for betterment of the world

Zulu Ghevriya, the CEO and Co-Founder of Smiling Rocks, Founder of Vedantti Jewellery and Managing Director of Prism Group has been in the diamond and jewellery industry for over 20 years. Zulu started his business, Prism Group, as a natural diamond...

04 october 2021

Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...

27 september 2021

Polished diamond exports from India continued to decline in November

26 december 2019

india_flag.pngGross diamond exports from India in November continued to decline year on year. It showed a decline of 25.13% to $1.17 billion compared with $1.56 billion in November 2018, according to provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC).
Rough imports in November 2019 were up by 32.44% to US$ 1,230.74 million against US$ 929.26 million in November 2018. In volume terms, rough imports increased by 19.55% from 12.69 mn carats during November 2018 to 15.17 mn carats in November 2019.
Imports of cut and polished diamonds went up to US$ 117.85 mn in November 2019 from US$ 65.19 mn in the same month of 2018.
Exports of rough diamonds amounted to US$ 94.51 million in November 2019 as compared to US$ 88.04 mn a year earlier. Exports of polished lab-grown diamonds went to US$ 21.80 mnas against US$ 10.25 mn last year.
Imports of rough LG diamonds amounted to US$ 33.16 mn during the month, which shows increase from US$ 9.66 mn a year ago.
Imports of polished lab grown diamonds rose to US$ 9.79 mn in November 2019 against US$ 3.44 mn in 2018.
Polished diamond exports during April-November 2019 were down 18.96% to US$ 13.41 bn compared to US$ 16.55 bn in the same period last year, while imports of polished diamonds fell by 1.54% to US$ 911.68 million as compared to US$ 925.90 million for the same period of the previous year.
During the fiscal year to date, import of rough diamonds showed a decline of 17.24% to US$ 8.55 bn from US$ 10.34 bn a year earlier. In volume terms, imports fell by 6.41% from 107.0 mn cts in April-November 2018 to 100.14 mn cts in the same period in the current fiscal.
Rough exports in April-November 2019 amounted to $807.97 million, compared with $824.21 million a year earlier, while synthetic diamond exports amounted to $6.82 million in April-November 2019 compared to $6,70 million last year. The exports of LG diamonds amounted to $276.05 million between April and November 2019, compared with $133.94 million last year.
LG rough imports totaled $116.61 million in the period under review, compared with $85.07 million a year ago. Imports of synthetic diamonds rose to $153.83 million in April-November 2019 compared with $45.73 million in 2018.
India, the world's largest diamond cutting center, is one of the largest importers of rough diamonds and an exporter of cut and polished diamonds.
It was recently reported that Indian producers reduced their purchases of rough diamonds by about 30% in order to unload supplies and improve their cash flow.

Victoria Quiri, Correspondent of the European Bureau, Rough&Polished, Strasbourg