Diamonds across time

Not so long ago, the global library of professional publications on precious stones was replenished with a unique book about rare diamonds and diamond jewelry published by the World Diamond Museum. Alex Popov, the founder and director of the museum told...


Academician Pokhilenko: The situation with rough diamonds in the Russian Federation will start changing for the worse as early as 2025

Nikolai Petrovich Pokhilenko, Academician of the Russian Academy of Sciences (RAS), Deputy Chairman of the Siberian Branch (SB) of the RAS, Scientific Director of the Institute of Geology and Mineralogy of the SB of the RAS, is a prominent...

11 january 2021

Ilgiz Fazulzyanov: For a creator, the quarantine is the time to work on future masterpieces

Ilgiz Fazulzyanov is a successful and internationally recognized jewellery designer. He received his academic art education in Kazan and moved to Moscow in the 1990s where he lives and works now. His brand, Ilgiz F., is well known among true connoisseurs...

04 january 2021

Botswana Diamonds keen to mine KX36 kimberlite if found commercial

Botswana Diamonds intends to mine the KX36 kimberlite, which it recently acquired from Petra Diamonds if found commercial. The high-grade KX36 kimberlite pipe is part of the three Prospecting Licenses in the Central Kalahari Game Reserve in Botswana...

28 december 2020

‘We expect to completely open the Bourse for business by Q1 of the Year 2022,’ assures Vallabhbhai Patel, Chairman, SDB

Vallabhbhai Patel, Chairman of the Surat Diamond Bourse, dreamed of building the world’s largest commercial building in Surat for the Indian diamond industry. He conceptualized the ‘Surat Diamond Bourse’ (SDB), which is set to redefine...

21 december 2020

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