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

U.S. April Polished Diamond Imports -17%

13 june 2012

U.S. polished diamond imports for the month of April fell nearly 17 percent year on year to $1.431 billion, Rapaport reported. The quantity of polished goods also dropped in April, by 13 percent, to 888,146 carats. Polished diamond exports fell 13 percent to $1.148 billion, leaving net polished imports of $283 million compared with $397 million in April 2011.
Rough diamond imports decreased 25 percent year on year in April to $27 million and rough exports plunged 61 percent to $15 million. Rough diamond net imports therefore stood at $12 million compared with a deficit of $3 million one year ago. In all, the net diamond account for April in the U.S. dropped 24 percent to $298 million.
For the first fourth months of 2012, the U.S. has imported $6.245 billion worth of polished diamonds and this represents a 9 percent year on year decline, while polished exports have fallen nearly 4 percent to $5.443 billion. However, net diamond imports for the January through April period have fallen substantially - by 35 percent year on year - to $803 million.
Rough diamond imports for the first four months were 30 percent lower at $147 million and rough exports dropped 13 percent to $125 million,  leaving net imports of $22 million compared with $65 million in 2011. The U.S. registered a net diamond account for the first four months of 2012 of $825 million, or a 36 percent year on year decrease.