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

India’s polished diamond exports down 6% y-o-y in January

20 february 2020

india_flag.pngIndia’s exports of cut and polished diamonds declined by 5.67% during January 2020 registering $ 1.65 bln, against $ 1.75 bln during January 2019, according to the provisional data released by The Gem & Jewellery Export Promotion Council of India (GJEPC).
Rough diamond imports, too, dipped during January, dropping by 11.02% to $ 763.09 mln as compared to $ 857.60 mln imported during January 2019. In volume terms, however, rough imports rose by 22.82% from 8.36 mn carats during January 2019 to 10.28 mn carats in January 2020.
Imports of cut and polished diamonds rose to $ 160.29 mln in January 2020 from $ 86.32 mln in January 2019.
Exports of rough diamonds totalled $ 74.46 mln in January 2020 as compared to $ 101.61 mln a year earlier, with volumes at 2.16 mn cts, down from 3.21 mln cts a year earlier. 
Exports of polished lab-grown diamonds stood at $ 44.10 mln during the month as against $ 20.87 mln a year earlier, while imports of polished lab-grown diamonds declined to $ 12.48 mln in January 2020 as compared to $ 20.38 mn a year earlier.
Imports of rough lab-grown diamonds stood at $ 42.43 mln during January 2020, up from $ 14.44 mln during January 2019. For the first nine months of the current fiscal, polished diamond exports during April ’19 – January 2020 were down 16.80% to $ 16.32 bln as against the $ 19.61 bln exported over the same months in 2019.
Imports of polished diamonds rose by 8.94% to $ 1.22 bln as compared to $ 1.12 bln for the same period of the previous year fiscal year.
During April ’19 – January 2020, import of rough diamonds showed a decline of 15.54% to $ 10.92 bln from $ 12.93 bln a year earlier. In volume terms, imports fell by 5.62% from 134.66 mn cts in April ’19 -Jan 2019 to 127.10 mln cts in the same period in the current fiscal.
Exports of rough diamonds totalled $ 955.36 mln in April ’19 – Jan ’20 as compared to $ 1,031.45 mn in the same period a year earlier.
Meanwhile, exports of rough lab-grown diamonds stood at $ 7.12 mln in April 2019 – January 2020 as against $ 11.27 mln in the same period a year earlier. Exports of polished lab-grown diamonds stood at $ 356.16 mln during the April ’19 – January 2020 as against $ 172.09 mln in the same period a year earlier.
Imports of rough lab-grown diamonds stood at $ 293.13 mln during April 2019 – January 2020, up from imports of $ 114.26 mln a year ago, while imports of polished lab-grown diamonds rose to $ 86.47 mln in April 2019 – January 2020 as compared to $ 72.93 mln during the same period a year earlier.

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