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

Botswana wants to fully participate in research and development led by De Beers

Although the government of Botswana has refused to review its latest demands from the ongoing negotiations for a new sales and marketing deal with De Beers, it has indicated its desire to fully participate in research and development led by the diamond...

02 march 2020

High-tech trend is most promising for industries using diamonds

Synthesis Technology is a leading diamond producer in Russia. The company produces carbon single crystals - lab-grown diamonds and single-crystal wafers. The diamonds completely identical to natural ones are ‘grown’ at the laboratory using advanced HPHT...

25 february 2020

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