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 Imports in control, lower by 14.45% in January 2014

21 february 2014

India’s cut and polished exports have recorded US$ 15,977.72 million for April 2013 to January 2014 as compared to US$ 13,216.79 million for April 2012 to January 2013, registering a 21.06 percent rise. The export for the month of January 2014, however, shows a decline, recording US$ 1,649.89 million, less 2.22 percent as against US$ 1,687.43 million during January 2013, according to the provisional figures announced by the Gem and Jewellery Export Promotion Council (GJEPC) of India.
Rough exports recorded a high of US$ 1,287.62 million from April 2013 to January 2014 as against US$ 1,208.82 million, for the April 2012 – January 2013 period, registering an increase of 6.52 percent.
India’s imports of rough diamonds have risen to US$ 13,843.26 million for the period April 2013 – January 2014 from US$ 12,159.94 million in April 2012 – January 2013, registering a 13.84 percent rise. Rough import for the month of January 14, too, shows a rise recording US$ 1,257.03 million compared to US$ 986.41 million for January 2013, an increase of 27.43 percent.
The polished diamond imports recorded US$ 5,274.18 million for April 2013 to January 2014 as against US$ 3,960 million, an increase of 33.18 percent compared to the same period last year. However, polished imports recorded a decrease, from US$ 598.73 million in January 2013 to US$ 512 million for the month of January 2014, by 14.45 percent. The decrease in import of polished diamonds is indication the Indian government ban on imports of polished goods as well as increasing of import duty on polished goods have been effective. This augurs well for the Indian cutting and polishing sector, as well as for the industry as a whole.
According to GJEPC, the figures for April 2013 - January 2014 are provisional and subject to revision, as all data has not been received.

Aruna Gaitonde, Rough&Polished correspondent in India