GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

Platinum’s rare nature gives it additional value and appeal

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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

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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

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23 august 2021

India’s cut and polished diamond export dips 25.72% in August

17 september 2020
Image credit: cygig (Pixabay)

India’s cut and polished diamond exports declined 25.72 per cent registering $ 1216.79 mn during August 2020, against $ 1638.22 mn exported in August 2019, according to provisional data released by the Gem & Jewellery Export Promotion Council of India.
Rough imports during August 2020 declined 42.23 per cent to $ 497.51 mn as compared to $ 861.13 mn imported during Aug 2019. 
Exports of rough diamonds totalled $ 22.75 mn in Aug 2020 as compared to $ 120.15 mn in Aug 2019. 
Imports of cut and polished diamonds increased to $ 179.19 mn in Aug 2020 from $113.93 mn in the same month in 2019, an increase of 58.12 per cent.
Exports of polished lab-grown diamonds recorded $ 50.01 mn in Aug 2020 against $37.37 mn in Aug 2019, an increase of 8.08 per cent.
Imports of rough lab-grown diamonds stood at $ 55.32 mn in Aug 2020, up 100.63 per cent from $27.57 mn in Aug 2019. 
Imports of polished lab-grown diamonds dipped 77.84 per cent to $ 1.37 mn in Aug 2020 as compared to $ 6.20 mn a year earlier.
During the fiscal year (during April- Aug 2020) polished diamond exports were down to $ 3936.98 mn from $ 8844.34 mn exported over the same months in 2019, a decrease of 41.48 per cent.
Import of rough diamonds showed a decline of 74.47 per cent recording $ 1210.26 mn during Apl-Aug 2020 from $ 5367.67 mn during April-Aug in 2019.
Imports of polished diamonds increased 43.62 per cent to $ 683.23 mn during April-Aug 2020, as compared to $ 505.94 mn for the same period in 2019.
Exports of rough diamonds totalled $ 81.75 mn in April-Aug 2020 compared to $ 436.12 mn a year earlier.
Exports of polished lab-grown diamonds totalled $ 127.75 mn during the Apl-Aug 2020 period down 33.82 per cent as against exports of $ 158.29 mn in the same period a year earlier.
Imports of rough lab-grown diamonds recorded $ 113.41 mn in April-Aug 2020 as against $ 121,71 mn in the same period in 2019, a dip of 2.99 per cent.
Imports of polished lab-grown diamonds declined to $11.74 mn in April-Aug 2020 as compared to $32.38 mn during April-Aug 2019, down 60.94 per cent.

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