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...

13 september 2021

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

India's Nov. Polished Exports More Than Double

18 december 2009

India’s polished diamond exports more than doubled in November compared to one year ago, closing the month with a value at $1.34 billion, RAPAPORT reported. By volume, exports rose 95 percent to 3.898 million carats as the average price of polished increased 14 percent to $344.44 per carat.
The country's polished imports grew 67 percent to $901.37 million, while its net polished exports, reflecting the excess of exports over imports, rose seven-fold to $441.2 million.
India’s November rough imports increased 43 percent to $897 million, with imports up 88 percent by volume to 15.297 million carats, while their average price fell 24 percent to $58.64 per carat. India significantly curbed its rough imports in November 2008 as the global economic downturn unfolded. The country's rough exports grew 48 percent to $65 million in November 2009 and net rough imports, the excess of imports over exports, rose 43 percent to $832 million. India’s November net diamond account improved by 25 percent to a deficit of $390.8 million.
For the calendar year to date, polished exports fell 12 percent to $12.43 billion, while polished imports declined 3 percent to $6.73 billion. Net polished exports decreased 21 percent to $5.69 billion.
Rough imports for the period extending from January through November fell 37 percent to $6.03 billion as rough exports slumped 16 percent to $641.6 million. Net rough imports fell 38 percent to $5.39 billion. India’s net diamond account for the 11-month period was $306.21 million, compared with a deficit of $1.55 billion one year ago.