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...

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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

Antwerp H1: Rough Market Thrives with Double Digit Growth, Outperforms 2019

19 july 2021
Figures on the trade in Antwerp in the first six months of the year demonstrate the city is back on track of the pre-pandemic upturn seen in the first few months of 2020, outperforming 2019 figures on rough trade with double digit growth. 
Polished trade, still suffering from the lack of trade shows and the effects of the pandemic in India, shows encouraging signs of recovering to normal levels, AWDC reports.
Compared to the same period in 2019, in terms of total value of traded rough diamonds, Antwerp records a +11% increase to US$10,4bn and a 7% jump in terms of volume to 99m ct.
Antwerp hosted more than 75 diamond tenders in the first six months of the year, boosted by strong rough prices and the city’s unrivaled critical mass of buyers and sellers. Karen Rentmeesters, Senior Manager Industry Relations; “Despite the lingering constraints of the pandemic, with second and third waves in many places around the world, Antwerp has proven to be a safe haven for producers to sell their rough, where they can achieve consistent, high value for their goods. It is no surprise that, while competing hubs were forced to cancel tenders, new supply of rough found its way to Antwerp, and continues to be sold here, demonstrated by very strong rough import figures and a busy market.”
In H1, Antwerp imported US$5bn worth of rough diamonds, compared to US$2.7bn in H1 of the pandemic year 2020 and US$4.3bn in 2019, up nearly 15% y-o-y comparing 2021 with the last “normal” year 2019.  In terms of volume, imports jumped from 32m ct in the same period in 2020 and 40m ct in 2019 to 47m ct in the past six months, or a +17% increase comparing 2021 with 2019.
While the rough business is booming, polished trade is lagging behind somewhat, with a total volume of 4,3m ct, total value of US$7,4bn in traded polished goods in H1 2021. Karen Rentmeesters; “Since the outbreak of the pandemic, there have been no trade shows whatsoever, which traditionally create a lot of movement of polished goods in the industry. In addition, the devastating third wave in India in the first half of this year had a major impact on the somewhat slower trend of polished business picking up throughout the global industry, but the last three months show positive signs. In April, polished imports in volume in Antwerp equaled 2019 levels, jumping over the June 2019 figures and a similar trend is noticeable for polished exports.”

Alex Shishlo for Rough&Polished