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 export declines 40.92 % in February

17 march 2020

India’s cut and polished diamond exports totalled $ 1.38 bln in February 2020 against $ 2.34 bln in February 2019, according to provisional data released by the Gem & Jewellery Export Promotion Council of India.
Imports of cut and polished diamonds rose to $ 249.22 mln in February 2020 from $ 93.58 mln in the same month in 2019.
Rough imports during February 2020 increased by 6.34% to $ 1.47 bln as compared to $ 1.38 bln imported during February 2019.
Exports of rough diamonds totalled $ 76.56 mln in February 2020 as compared to $ 124.06 mln in February 2019. 

stevepb
Image credit: stevepb (Pixabay)


Exports of polished lab-grown diamonds stood at $ 37.05 mln during February 2020 as against $ 23.35 mn in February a year earlier.
Imports of rough lab-grown diamonds stood at $ 25.47 mln during the month, up from $ 9.40 mln in February 2019, while imports of polished lab-grown diamonds declined to $ 6.04 mln in February 2020 as compared to $ 12.95 mn a year earlier.
For the eleven months of the current fiscal, polished diamond exports during April 2019 – February 2020 were down 19.38% to $ 17.70 bn as against the $ 21.95 bln exported over the same months last fiscal, while imports of polished diamonds rose by 21.04% to $ 1.47 bln as compared to $ 1.22 bln for the same period of the previous fiscal year.
Import of rough diamonds during the fiscal year to date showed a decline of 13.43% to $ 12.39 bln from $ 14.31 bln during the fiscal period a year earlier.
Exports of rough diamonds totalled $ 1.03 bln in April 2019 – Feb 2020 as compared to $ 1.15 bln during the same period a year earlier.
Meanwhile, exports of rough lab-grown diamonds stood at $ 7.18 mln in April ’19 – Feb ’20 as against $ 13.42 mln in the same period a year earlier. 
Exports of polished lab-grown diamonds stood at $ 393.21 mln during the April 2019 – Feb 2020 period as against $ 195.44 mln during the same period a year earlier.
Imports of rough lab-grown diamonds stood at $ 318.60 mln during April ’19 – Feb ’20 period up from imports of $ 123.66 mln during the same period a year ago.
Imports of polished lab-grown diamonds rose to $ 92.51 mln in April 2019 – Feb 2020 as compared to $ 85.88 mln during the same period a year earlier.

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