Ethical sourcing and Diamonds Standards Organization

The diamond sector is ready to embrace a new decade and overcome some of its historical challenges. Ethical sourcing has proven to be undoubtedly one of the main aspects that industry professionals need to address. Antonio Cecere, President of Geneva...

Yesterday

Ali Pastorini: Challenges make us think out of the box and be closer to customers

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together more than 1,000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

20 january 2020

Today’s customer needs an offer of something unique that others do not have

Oksana Senatorova is the publisher of the Jewelry Trade Navigator magazine and the founder of the Jewellery Business Academy.
She graduated from I. M. Sechenov Medical Academy and the Faculty of Psychology of Lomonosov Moscow State University...

09 january 2020

Inventories accumulated by De Beers, ALROSA to put ceiling on prices near-term even if demand substantially picks up – Zimnisky

As we are in the last month of 2019, it is prudent to examine what the diamond industry went through and the possible trajectory in the upcoming year. Industry expert, Paul Zimnisky spoke with Rough & Polished’s Mathew Nyaungwa to discuss this and other...

30 december 2019

Empowering customers and engaging more with our stakeholders is the new Mission

The unassuming Govindbhai Laljibhai Dholakia, Chairman, Shree Ramkrishna Exports Pvt Ltd (SRK) is not just an ace businessman but a noted philanthropist. He has contributed immensely to social welfare with special focus on education … a noteworthy...

23 december 2019

Gem & Jewellery sector has to explore newer markets - Colin Shah, vice chairman, GJEPC

04 january 2020

Gem & Jewellery industry is looking for new markets after social unrest in Hong Kong and trade war between the US and China hit the economy, says the Economic Times.
“At this juncture, the trade has to explore newer markets. For cut and polished diamonds countries like Russia, Brazil, UK, Vietnam, Singapore, France, Germany and others can be explored. For gold jewellery countries like UK, France, Qatar, Australia and Thailand are emerging as new destinations,” Colin Shah, vice chairman, Gem and Jewellery Export Promotion Council, was quoted as saying.
He added that the G&J sector has to be transformed and has to change to meet the interests of younger generations.
From April-November 2019 the G&J exports declined by 4.66% year-on-year and the trend is likely to continue in 2020, according to the report.
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. 
Previously, it was reported that gross 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.

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