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...

Today

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 dip 49% in March

21 may 2020

During March 2020, cut and polished diamond exports from India totalled $ 960.49 mln as against $ 1,858.33 mln in March 2019, registering a decline of 49%.
Rough imports during March 2020 declined, dipping by 64.81% to $ 292.71 mln as compared to $ 831.69 mln imported during March 2019, according to provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC) of India.
Imports of cut and polished diamonds rose to $ 239.10 mln in March 2020 from $ 108.94 mn in the same month in 2019.
Exports of rough diamonds recorded $ 72.94 mln in March 2020 as compared to $ 196.61 mn in March 2019.
Exports of polished lab-grown diamonds stood at $ 20.18 mln during the month as against $ 24.83 mln March 2019.
Imports of rough lab-grown diamonds stood at $ 5.43 mln during March as against $ 12.11 mln a year ago, while imports of polished lab-grown diamonds dropped to $ 5.55 mn in March 2020 as compared to $ 7.19 mln in March 2019.
India’s export of cut and polished diamonds dipped drastically below last year’s levels at $18.66 bln in FY2019-20, down 21.64% from the $ 23.81 bln exported during FY2018-19. 
During fiscal 2020, imports of polished diamonds rose by 29.02% to $ 1.71 bln as compared to $ 1.33 bln during the previous financial year.
Import of rough diamonds during the year registered a drop of 16.25% to $ 12.68 bln from $ 15.14 bln in the earlier year.
Exports of rough diamonds totalled $ 1.10 bln in fiscal 2020 as compared to $ 1.35 bln a year earlier. 
Exports of rough lab-grown diamonds stood at $ 7.35 mln in the FY2019-20 as against $ 16.52 mln in FY2018-19. 
Exports of polished lab-grown diamonds stood at $ 413.39 mln during the Fiscal 2020 period as against $ 220.27 mln during Fiscal 2019.
Imports of rough lab-grown diamonds recorded $ 324.04 mln in fiscal 2020, up from imports of $ 135.77 mln in the earlier year. Imports of polished lab-grown diamonds also rose to $ 98.07 mln in FY2019-2020 as compared to $ 93.07 mn FY2018- 2019.

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