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 5% Y-o-Y in December

15 january 2020

india_flag.pngIndia’s exports of cut and polished diamonds during December 2019 recorded $ 1.25 bln as against $ 1.31 bn during December 2018, down 5%, according to provisional data released by The Gem & Jewellery Export Promotion Council of India (GJEPC). 
Rough imports during the month also dipped down 7.63% to $ 1.60 bln as compared to $ 1.74 bln imported during December 2018. In volume terms too, rough imports were down, dipping by 13.61% from 19.29 mln carats during December 2018 to 16.66 mln carats in December 2019.
 Imports of cut and polished diamonds increased to $ 152.26 mln in December 2019 from US$ 111.56 mln during December 2018.
Exports of rough diamonds registered $ 72.93 mln in December 2019 as compared to $ 105.63 mln in December 2018. In volume terms, rough diamond exports recorded 1.94 mln cts, down from 2.37 mln cts a year earlier.
Exports of polished lab-grown diamonds stood at $ 36.01 mln during December 2019 as against $ 17.29 mln in the same month a year earlier.
Imports of rough lab-grown diamonds stood at $ 45.69 mln during December 2019, up from $ 14.75 mln in December a year ago; while imports of polished lab-grown diamonds rose to $ 9.48 mln in December 2019 as compared to $ 6.82 mln during December 2018.
 For the first nine months of the current fiscal, polished diamond exports during April-December 2019 were down 17.89% to $ 14.67 bln as against the $ 17.86 bln exported over the same period last fiscal.
 Imports of polished diamonds rose by 2.55% to $ 1.06 bln as compared to $ 1.04 bln for the same period of the previous year.
 During the fiscal year to date, import of rough diamonds showed a decline of 15.86% to $ 10.16 bln from $ 12.07 bln during last year. In volume terms, imports fell by 7.51% from 126.29 mln cts in April-December 2018 to 116.81 mln cts in the same period in the current fiscal.
 Exports of rough diamonds totalled $ 880.90 mln in April-December 2019 as compared to $ 929.84 mln last fiscal. Meanwhile, exports of rough lab-grown diamonds stood at $ 7.04 mln in April-December 2019 as against $ 8.03 mln in the same fiscal period a year earlier.
 Exports of polished lab-grown diamonds stood at $ 312.06 mln during the April-December 2019 period as against $ 151.22 mln a year earlier.
 Imports of rough lab-grown diamonds stood at US$ 250.70 mn in the first nine months of the fiscal, up from imports of US$ 99.82 mn a year ago, while imports of polished lab-grown diamonds rose to US$ 73.99 mn in April-December 2019 as compared to US$ 52.55 mn a year earlier.

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