Diamond mining and diamond synthesis: Which is more efficient?

Vladislav Zhdanov - Professor at the National Research University Higher School of Economics and former Vice President of ALROSA (2015-2018). He is a physicist by profession. Vladislav Zhdanov was educated at the Ural Federal University (General...

21 november 2022

The success of TAGS over the past 5 years has encouraged many large tender houses to establish regular and sizeable tender operations in Dubai

Mike Aggett is an experienced Private Consultant with a demonstrated history of working in the mining and metals industry. Skilled in Luxury Goods, Business Planning, Sales, Gemology, and Jewelry, Mike is a professional who graduated from Dover College...

14 november 2022

It all starts with stones - it is they that give impetus, determine the image and embodiment

Maxim Selikhov is the founder of the SelikhoV Diamonds brand launched in 2006, and the company manufactures unique handmade jewellery with rare high-quality gemstones. He is also known as a collector of unique and large-size jewellery stones who considers...

07 november 2022

‘Our technologies – CVD machines and growing technology – are game changers’, asserts Arnaud Flambeau, Executive Chairman, 2DOT4 Diamonds LLC

Arnaud Flambeau is the Executive Chairman of ‘2DOT4 Diamonds LLC’, Dubai, a fully integrated lab-grown diamonds company. The Company provides rough 'as grown' diamonds, in-house polished IGI certified loose polished diamonds and high-quality...

31 october 2022

Stargems brings the DaVinci system to Botswana

Stargems, which was founded by Shailesh Javeri in 1981, has diversified into manufacturing, wholesaling, retailing and tendering or auctioning of diamonds and diamond jewellery.
It is also one of the leading players in the manufacturing, wholesaling...

24 october 2022

Price decline fueling diamond trade uncertainty

07 october 2022
Polished trading was slower than usual in September as US economic uncertainty and the slowdown in China affected sentiment. Dealers were cautious as polished prices continued to slide, businesswire.com writes.
The RapNet Diamond Index for 1-carat diamonds fell 3.8% in September. Having declined 9.7% in the third quarter, it was down 3% from the beginning of the year as of October 1.
Polished inventory levels remain high despite the drop in rough supply following sanctions on Russian miner Alrosa. The number of diamonds on RapNet came to 1.88 million on October 1, a 10% rise year on year. Inventory grew as trading slowed in the third quarter. Manufacturers’ large rough purchases at the end of 2021 and the beginning of 2022 also contributed to the buildup.
Rough demand declined in September. Manufacturers had enough inventory to see them through Diwali, which falls on October 24. De Beers kept rough prices stable at its September sight. Goods were selling at lower premiums on the secondary market; prices fell at rough auctions as buyers left large quantities of goods on the table.
The Jewellery & Gem World Singapore show, which took place in September, boosted Far East sentiment. However, Chinese demand remains sluggish. Consumers there are being more frugal amid continued Covid-19 restrictions.
US jewelers are optimistic for the holiday season but hesitant to buy inventory while polished prices are declining. Retailers are taking more goods on memo and demanding shorter delivery times from suppliers.
Mastercard expects jewelry sales to rise 2.2% in November-December. For many, the holiday season begins in October, as more shoppers are making early purchases to avoid the last-minute rush. Jewelers are focused on enhancing their sales propositions by combining digital and in-store platforms and tapping into their suppliers’ online inventory. This caters to consumers’ desire for greater convenience and a more interactive shopping experience.

Alex Shishlo for Rough&Polished