MIUZ Diamonds - diamonds with a century of history

Moscow Jewellery Factory (MIUZ) has always been famous for its craftsmen winning prizes and obtaining the diplomas of “the best enterprise in the jewellery trade”. One of the oldest factories in Russia has two interesting news: about its recent...

21 june 2021

Lab-grown diamonds and jewellery are the future, says Liu

As the founder of the Diamond Little Star® brand, Liu Jiangjiang is actively involved in various business activities. He founded the Lab Grown Diamond Research Centre and the Lab Grown Diamond Club in China. At the same time, he is also the General Counsel...

14 june 2021

Pandora’s endorsement of lab-grown stones will not devalue natural diamonds – Zimnisky

Jewellery retailer Pandora recently announced that it will no longer purchase natural diamonds as it had switched to lab-grown diamonds. However, diamond market analyst Paul Zimnisky told Rough&Polished’s Mathew Nyaungwa in an exclusive interview that...

07 june 2021

“The volume of Forevermark diamonds that we drive through Indian partners is much higher than in other parts of the world,” says Sachin Jain

Sachin Jain has been a part of the Indian arm of De Beers that dates back to 2010 when he came on board as Head of Retail. In year 2014 he took over as President of Forevermark and today he is the Managing Director of De Beers, India. His single-minded...

31 may 2021

GSI's new Jaipur office to specialize in colored gemstones

Gemological Science International (GSI) has opened a new laboratory in Jaipur, India. Since this state is the capital of colored gemstones, the laboratory will have a dedicated division specializing in colored gemstone geographical origin and...

24 may 2021

Israeli Diamond Industry recovers after a difficult 2020

08 april 2021
The Israeli Diamond Industry is showing clear signs of recovery after the coronavirus pandemic took a heavy toll during the past year.
Figures for the first quarter of 2021, published by the Israel Ministry of Economy, show a significant increase in the volume of activity in leading trade categories: rough diamond exports, rough diamond imports, polished diamond imports and polished diamond exports.
Data for the quarter show that the net imports of rough diamonds to Israel totalled $476 million, an increase of 75.6% over the corresponding period in 2020 before the pandemic was felt in Israel. Also, the net exports of rough diamonds increased by 66.3% over Q1 2020 totalling $389.8 mn.
The net imports of polished diamonds increased by 60.9% over the same period in 2020 amounting to $646.6 mn, and the net exports of polished diamonds increased by 11.5% compared to the same period in 2020, totalling $827.6 mn.
The Israel Diamond Exchange (IDE) is among the first diamond exchanges in the world to show signs of recovery. During the past year, IDE worked tirelessly to strengthen its members and to bring about the recovery of the industry, and the encouraging data reflect the recovery that has taken place over the past few months.
IDE President Boaz Moldawsky said, “In the past year, we have worked hard to stabilize the industry, to preserve the trade and sustain our members. Despite the pandemic, we have been able to strengthen our trade ties around the world and even form new ties, within the framework of the peace agreements, with markets such as Dubai, which has helped us expand our activity. The current data show that the industry is on the right path and we expect the trend to continue during the next quarter as well.”

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