Academician Pokhilenko: The situation with rough diamonds in the Russian Federation will start changing for the worse as early as 2025

Nikolai Petrovich Pokhilenko, Academician of the Russian Academy of Sciences (RAS), Deputy Chairman of the Siberian Branch (SB) of the RAS, Scientific Director of the Institute of Geology and Mineralogy of the SB of the RAS, is a prominent...

11 january 2021

Ilgiz Fazulzyanov: For a creator, the quarantine is the time to work on future masterpieces

Ilgiz Fazulzyanov is a successful and internationally recognized jewellery designer. He received his academic art education in Kazan and moved to Moscow in the 1990s where he lives and works now. His brand, Ilgiz F., is well known among true connoisseurs...

04 january 2021

Botswana Diamonds keen to mine KX36 kimberlite if found commercial

Botswana Diamonds intends to mine the KX36 kimberlite, which it recently acquired from Petra Diamonds if found commercial. The high-grade KX36 kimberlite pipe is part of the three Prospecting Licenses in the Central Kalahari Game Reserve in Botswana...

28 december 2020

‘We expect to completely open the Bourse for business by Q1 of the Year 2022,’ assures Vallabhbhai Patel, Chairman, SDB

Vallabhbhai Patel, Chairman of the Surat Diamond Bourse, dreamed of building the world’s largest commercial building in Surat for the Indian diamond industry. He conceptualized the ‘Surat Diamond Bourse’ (SDB), which is set to redefine...

21 december 2020

An opportunity to show your products and occupy your niche

Recently, GOLDNET.MARKET, the first jewellery wholesale marketplace, appeared on the Russian jewellery market. Vladimir Pilyushin, one of the founders of GOLDNET.MARKET, editor-in-chief of the ‘Russkyi Yuvelir’ (Russian Jeweller) magazine...

14 december 2020

Indian diamond manufacturers urged not to import rough diamonds in June

05 june 2020

At present, about 30 per cent diamond manufacturing units in Surat have resumed operations, due to shortage of workers. Most of the workers have already left to their native places due to the COVID-19 crisis, and not likely to return in the next couple of months.
Last month, diamond industry leaders, through a letter to industry members of the Gems and Jewellery Export Promotion Council (GJEPC), had urged diamond manufacturers to avoid rough diamond import during the month of June.
In the past, the Surat diamond industry’s rough diamonds import was to the tune of $19 bln per annum. At present, polished demand has also been badly affected by consumer countries like USA, Europe, UAE and Hong Kong. Facing this scenario, it is predicted that India may reduce rough diamonds imports for the next few months. 
According to reports, De Beers and ALROSA, the world's largest diamond mining companies, have decided to cut diamond production due to the subdued demand from India.

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