GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

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

India's Polished Exports -41% to $1B in August

25 september 2012

India's polished diamond exports fell by 41 percent year on year to $1.414 billion in August, according to provisional data provided by the Gem & Jewellery Export Promotion Council (GJEPC), cited by Rapaport. By volume, polished exports fell 39 percent to 3.057 million carats during the month. Polished imports, meanwhile, dropped 77 percent to $365 million by value.
The country’s diamond trade has declined significantly since the government imposed a 2 percent import duty on cut and polished diamonds effective January 17, 2012 in order to curb round-tripping, the practice of re-importing stones to procure additional bank financing ‎by using them as new export transactions.
However, India’s net polished exports, representing the excess of exports over imports, rose 33 percent to $1.049 billion in August.
Rough diamond imports fell 37 percent to $522.9 million during the month, but rough exports rose 2 percent to $160.5 million. India's net rough imports, or imports less exports, fell 46 percent to $362.4 million.
India's August net diamond account - the total of polished and rough exports less the total of polished and rough imports – increased to $686.7 million from $112.2 million one year ago.
During the first eight months of 2012, India's polished diamond exports fell 41 percent to $11.775 billion, while polished imports declined 76 percent to $3.770 billion. Rough imports were down 8 percent to $9.507 billion and rough exports fell 4 percent to $1.078 billion.
India's net diamond account for the January to August period registered a deficit of $424.6 million, compared with a deficit of $5.032 billion one year ago.