The need for significant capital investments will be the main trend in the diamond mining industry in 2021-2030

The prospects of the diamond industry in the post-crisis period are discussed by the Rough&Polished correspondent with Sergey Mityukhin, Candidate of Geological and Mineralogical Sciences, Honored Geologist of the Russian Federation.

06 july 2020

Young Diamantaires: We create initiatives for the benefit of diamond communities worldwide

The World Federation of Diamond Bourses recently launched its Young Diamantaires website. The organization has worked for the past four years with young members of the diamond community all over the world to create a platform through which they can express...

29 june 2020

Those who implement the right anti-crisis strategies have more chances

It is not surprising that because of the pandemic and the crisis, the most heated debate in the jewellery industry is about what is happening and the possible ways of survival. Irina Slesareva, an expert, art director of the Russian Diamond Line contest...

22 june 2020

The secondary diamond market in Russia is not mature although its prospects are huge

Pavel Barannik, the founder and head of the Moscow Gemological Laboratory, the founder of the Gemological Institute and President of the Moscow Diamond Club, graduated from the Gemological Institute of America (GIA). He is an expert and consultant...

15 june 2020

Johan Erikson: The industry needs to spend more on advertising and marketing

First Element is a fully independent Diamond Services Company registered in Belgium, Botswana, South Africa and Dubai. First Element is committed to providing a world class diamond service aimed at adding value to the entire supply chain, from the daily...

08 june 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