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 Polished Diamond Exports -35% in April

23 may 2012

India's polished diamond exports fell by 35 percent year on year to $1.334 billion in April, the fourth straight monthly decline this calendar year, according to provisional data provided by the Gem & Jewellery Export Promotion Council (GJEPC). By volume, polished exports fell 55 percent to 2.251 million carats during the month, Rapaport reported.
Polished imports dropped 76 percent to $355.4 million by value and by 68 percent when measured by volume to 1.188 million carats. India’s polished imports have reduced significantly since the country imposed a 2 percent import duty on cut and polished diamonds from January 17, 2012.
The country’s net polished exports, representing the excess of exports over imports, rose 82 percent to $978.8 million in April.
Rough diamond imports rose 20 percent to $1.581 billion during the month, while rough exports increased 21 percent to $115.3 million. India's net rough imports, or imports less exports, rose 20 percent to $1.466 billion.
India's April net diamond account - the total of polished and rough exports less the total of polished and rough imports - registered a deficit of $486.7 million, compared with a deficit of $680.4 million one year ago.
For the first four months of 2012, India's polished diamond exports fell 41 percent to $6.668 billion, while polished imports declined 72 percent to $2.675 billion. Rough imports were up 18 percent to $5.465 billion and rough exports rose 19 percent to $605.3 million.
India's net diamond account for the January to April period registered a deficit of $867.1 million compared with a deficit of $2.274 billion one year ago.