Diamond prices remain steady despite sanctions imposed against ALROSA -Zimnisky

Sanctions imposed against ALROSA only resulted in the smaller gem and near-gem quality goods outperforming other categories in recent months, according to an independent diamond analyst Paul Zimnisky. He told Rough&Polished’s Mathew Nyaungwa in an exclusive...

27 june 2022

Most people see great potential in the growth of LGD jewelry market

Currently Wayne Wang-Wang Yichun is the General Manager, LUSANT - Incubation Project Management Department of Yuyuan Jewelry Co., Ltd. He was the General Manager of Shanghai Yuyuan Jewelry Co., Ltd - A Fosun Group Company; and General Manager of international...

20 june 2022

De Beers sees good potential for exploration activities in Angola

De Beers recently signed two mining investment contracts (MICs) with the Angolan government for licence areas in the provinces of Lunda Norte and Lunda Sul. The MICs for the two licence areas are for the award and exercise of mineral rights covering...

13 june 2022

Ali Pastorini: The jewelry consumer does not evaluate the brand only by price

Ali Pastorini is the co-owner of Del Lima Jewelry and President of Mujeres Brillantes, an association that brings together more than 1,000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

06 june 2022

“We aim to bring in a different kind of a jewellery experience for the consumers,” says Vaishali Banerjee, Managing Director, PGI-India

Vaishali Banerjee made a shift from the advertising and marketing industry to the jewellery industry to create category awareness for a metal that was lesser-known in the subcontinent. Initially, it was all about category creation in a vibrant, mature...

30 may 2022

India sees overall decline in diamond exports in April

24 may 2022
The official statistics released by GJEPC shows overall decline in the country’s diamond exports in April 2022. Thus, the export of polished diamonds fetched US$ 2159.64 million against US$ 2221.81 million a year earlier or down 2.8%. The country imported US$ 111.91 million worth of polished goods as compared with US$ 137.32 million in the same period last year producing an 18.5% slump.
Rough diamonds displayed a similar picture, with imports standing at US$ 1310.60 million versus US$ 1698.55 million in the same period one year ago bringing the decline to 22.84%, while gross imports of rough in volume terms came down to 6 031 000 carats compared with 16 313 000 carats during the previous year, which is 63.030% less.
On this backdrop, polished lab-growns were going full steam ahead showing gross export growth of 64.95% in terms of money, standing at US$ 148.13 million over the comparative figure of US$ 89.8 million for previous year.
According to GJEPC, the overall gross exports of gems and jewelry at US$ 3231.65 million in April was showing a decline of 0.82% as compared with US$ 3258.52 million for the same period previous year, while gems and jewelry imports slumped by 9.81% (US$ 1971.79 million in April 2022 vs US$ 2186.27 in April 2021).