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

The Antwerp diamond sector’s trade figures in October decreased slightly compared to the same month last year

17 november 2014
The Antwerp diamond sector’s trade figures in October decreased slightly compared to the same month last year. The AWDC's figures show that slightly fewer polished diamonds were traded, but the value of diamonds traded was higher compared to the value of polished diamonds traded in October last year. Rough diamond trade figures also show a decline compared to October 2013, but the first ten months of the year as a whole do show an increase.
The drop in trade figures for October compared to the same month in 2013, was to be expected. Both the Jewish holidays of Sukkot and Simchat Torah and the Indian festival Diwali took place in October this year, as opposed to last year’s celebrations in September and November, respectively.
Imports of rough diamonds dropped by 13.16% and exports by 19.33%. A decline was also visible in value, amounting to a dip by 0.92% and 16.01%, respectively. Compared to October of last year, fewer rough diamonds were traded on the Antwerp market, but the stones traded were higher in value. A comparison of the first ten months of 2014 and the same period in 2013 shows that both rough import and export figures have increased in terms of volume as well as value. In general, the rough diamond market is faring better than last year.
The polished diamond trade was also influenced by the timing of the holidays, showing a downturn in the volume of goods traded. Both import and export figures of polished diamonds decreased by 20.11% and 10.79% respectively. As was the case for rough diamonds, the decline in value for polished stones was smaller, indicating that the traded goods were more expensive. Compared to the first ten months of 2013, fewer polished diamonds were traded on the Antwerp market in the first ten months of this year, but the stones traded were more costly. In value terms, imports rose by 4.76% and exports by 5.16% compared to the first ten months of 2013. The majority of imported goods originated from India, Hong Kong and the United Arab Emirates. Polished diamonds were mainly exported to Hong Kong, the United States and the United Arab Emirates.

Alex Shishlo, Editor in Chief of the European Bureau, Rough&Polished