Part 1: KPCSC gives insight into illegal diamond mining, trading in Africa

Although the diamond watchdog Kimberley Process (KP) prides itself for significantly reducing the flow of conflict goods since its establishment in 2003, the Kimberley Process Civil Society Coalition (KPCSC) alleged that illegal diamond...

18 october 2021

The jewelry industry in Russia needs to be upgraded in a serious way

Dina Nasyrova is a vice-president of the International Jewelry Exhibition-Congress J-1 recently hosted by the Atrium of Gostiny Dvor in Moscow. As a partner and the Muse of the famous jeweler Ilgiz Fazulzyanov, she actively participated in the preparation...

11 october 2021

Smiling Rocks, a philanthropic business model, inspires companies to work for betterment of the world

Zulu Ghevriya, the CEO and Co-Founder of Smiling Rocks, Founder of Vedantti Jewellery and Managing Director of Prism Group has been in the diamond and jewellery industry for over 20 years. Zulu started his business, Prism Group, as a natural diamond...

04 october 2021

Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...

27 september 2021

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

India’s cut and polished diamond export increases by 68.64%; rough imports up 142.62% in August

20 september 2021
India’s export of cut and polished diamonds at $ 2051.88 mn in the month of August 2021 shows a growth of 68.64 per cent as compared to $ 1216.70 mn for the month of August 2020, according to data available in gjepc.org.
The Imports of cut and polished diamonds at $ 121.25 mn in the month of August 2021 recorded a decline of 32.33 per cent as compared to U$ 179.19 mn for the month of August in the year 2020.
The imports of rough diamonds in the month of August 2021 shows $1207.19 mn compared to $497.51 in August 2020, registering a growth of 142.65 per cent. 
From April 2021 to August 2021, exports of cut and polished diamonds show at $ 10574.22 mn, registering a growth of 168.60 % as compared to $ 3936.82 mn for the same period of the previous year.
Imports of cut and polished diamonds from April 2021 to August 2021 was at $ 588.91 mn showing a decline of 13.81 % as compared to $ 683.23 mn for the same period of previous year. From April 2021 to August 2021, imports of cut and polished diamonds in DTA (Domestic Tariff Area) was at $ 134.48 mn, showing a growth of 111.98 per cent as compared to $ 63.44 mn for the same period of the previous year. 
The imports of cut and polished diamonds in SEZ from April 2021 to August 2021 was at $ 454.43 mn shows a decline of 26.68 per cent as compared to $ 619.79 mn for the same period of the previous year.
Rough diamonds imports of rough diamonds at $ 7413.15 mn during April 2021 - August 2021 shows a growth of 512.52 compared with the imports at $ 1210.26 million for the same period of the previous year.
In volume import of rough diamonds at 68,786 million carats from April 2021 to August 2021 has shown a growth of 355.41% compared with the imports at 15.104 million carats during the previous year.
Polished lab-grown diamonds export for the period April 2021 - August 2021 at $ 494.94 mn shows a growth of 287.46 per cent over the comparative figure of $ 127.74 mn for the previous year.

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