Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Indian diamond exporters looking for greener pastures

08 september 2020
With tension rising between India and China, Indian diamond exporters are reportedly anxious as China and Hong Kong are the major markets for Indian diamonds, accounting for 30% of India's diamond exports, according to media reports.
Indian Exporters are now looking at new markets such as Vietnam, Cambodia, Indonesia, Taiwan and Thailand to export diamonds, as information about raids in China has also created an air of uncertainty in the diamond trade. 
It is said that to evade customs duty of 4%, diamonds are often smuggled from Hong Kong to mainland China, which is a hub of manufacturing of diamond-studded jewellery.
India's diamond trade witnessed a revival in Chinese demand in July and August. However, the tension between India and China may impact on diamond exports. 
Meanwhile, gems and jewellery sector has been hard hit with exports being projected to fall 25-30% year-on-year in this financial year. Exports of gems and jewellery from the country dipped 41.85% in the first four months of this fiscal. Exports of cut and polished diamonds fell 41.66% while exports of studded gold jewellery plummeted 60.65% in April-July.

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