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 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