“With technology all information is immutable and Blockchain cannot be compromised,” reassures Erik Jens, CEO, LuxuryFintech

When Erik A Jens quit ABN AMRO as global CEO of its diamond and jewellery client division, he started his movement called LuxuryFintech, which provides services such as commercial and corporate banking solutions for the art and jewelry sector, and asset-backed...


Diamonds across time

Not so long ago, the global library of professional publications on precious stones was replenished with a unique book about rare diamonds and diamond jewelry published by the World Diamond Museum. Alex Popov, the founder and director of the museum told...

18 january 2021

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

India’s cut and polished diamond exports dip 79.13% in May

19 june 2020

India’s exports of cut and polished diamond registered $ 389.04 mln compared to $1864.56 mln during May 2019, 
a decline of 79.13%, according to provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC) of India.
As a result of the total closure of all manufacturing units for virtually the whole of April and the partial reopening of only a few units in May, there were almost no exports/imports during April. In May, exports to China, Europe and Australia showed some growth, but the US and the Middle East continued to be impacted due to COVID-19.
So, the exports of polished diamonds showed a decline of 79.17% during April-May 2020, totalling $ 389.07 mln as against $1.87 bln during April-May 2019.
Rough imports during the two months also fell drastically by 93.98% to $ 80.64 mln as compared to $ 1,339.44 mln imported during April-May 2019.
Imports of cut and polished diamonds stood at $ 107.85 mln in the first two months of FY2021, down from $ 139.34 mn in the corresponding period a year earlier.
Exports of rough diamonds totalled $ 2.13 mln in April-May 2020 as compared to $ 95.04 mln in the same period during 2019.
Exports of polished lab-grown diamonds stood at $ 3.62 mln during the Apl-May 2020 as against $ 35.64 mln a year earlier.
Imports of rough lab-grown diamonds stood at $ 2.93 mln during the two months, down from $ 25.04 mln a year ago.
Imports of polished lab-grown diamonds declined to $ 0.75 mln in April-May 2020 as compared to $ 8.94 mln a year earlier.

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