Innovation and automation can conquer any challenges

Rahul Gaywala, the CEO of STPL has been with the Sahajanand Group since 1993 and in his tenure with STPL, he has proved to be a hard-core innovator and technocrat intent on helping to transform the diamond trade from a labour-intensive industry to an...

06 april 2020

Memorial Foundation of Carl Fabergé continues to fulfill its tasks

Valentin Skurlov, Ph. D., who is an Honorary Academician of the Russian Academy of Arts, professor, scientific secretary of the Fabergé Memorial Foundation, consulting researcher studying the Fabergé heritage at the Russian department of the Christie's...

30 march 2020

Gaetano Cavalieri: We need to protect the long-term health of our industry

The World Jewellery Confederation (CIBJO) represents the entire jewelry industry embracing a whole variety of companies, from those mining precious metals and gems to those, which are manufacturing and selling final products. The confederation...

23 march 2020

Sierra Leone mulls setting up entity to buy diamonds from artisanal miners

Sierra Leone will revise its Mines and Minerals Act that will, among other issues, pave way for the establishment of a State entity that can buy diamonds from artisanal miners, an official has said. The National Minerals Agency of Sierra Leone director-general...

16 march 2020

David Block, CEO of Sarine Technologies believes that AI will play a bigger role in the industry in the next few years

Armed with an MBA degree from the Kellogg-Recanati School of Business, and a Bachelor's degree in Computer Science from the Tel Aviv-Jaffo Academic College in Israel, David Block is the present CEO of Sarine Technologies, a worldwide leader in the...

10 march 2020

HK reports weaker jewellery exports in 2019

04 february 2020
Hong Kong reported a 4.9 per cent drop in the value of jewellery exports in 2019 largely due to last year’s string of macroeconomic and geopolitical uncertainties. December figures alone were down 5.5 per cent, data from the Census and Statistics Department of Hong Kong showed.

news_04022020_hk.png

Overall exports in 2019 fell by 4.1 per cent, the steepest annual decline since 2009, according to the government. Shipments in December however resumed a modest year-on-year growth of 3.3 per cent owing to increased exports to China upon a low base of comparison. Exports to major economies remained subdued while those to Asia were mixed.
Lingering trade disputes among major economies, elevated geopolitical tensions and the development of Brexit meanwhile may still affect Hong Kong’s export sector in the near term.
“Particular attention should also be paid to the development of the novel coronavirus infection as it may weigh on economic performance of some Asian economies and disrupt economic activities in Hong Kong,” the government noted.

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