Diamond knife and tender system: The tight-fisted paying twice?

LLC Kristalin is the only company in Russia that manufactures microsurgical diamond blades for domestic healthcare that meet international requirements and are used in ophthalmology, neurosurgery and plastic surgery. Mikhail Zhiltsov, the company’s Deputy...

Today

Didier Giard: Stiff competition among the diamantaires is one of the factors of the price war

On September 9, 2019, the French Association of Gemmology (l’Association Française de Gemmologie, AFG) held its regular Paris Gemmological Rendez-Vous. Its organizer, Didier Giar, the head of the AFG kindly agreed to answer questions from Rough&Polished...

16 september 2019

“The industry is under some pressure, and as we all know, diamonds are formed under great pressure!”, says Dr Martin Leake

A veteran in the field of precious stones, Dr Martin Leake a doctorate geologist had worked for 22 years with BHP Billiton; and also set up a world-class marketing unit for Grib Diamonds in Antwerp. Later, as an Independent Consultant, Dr Martin Leake...

09 september 2019

Recovery of diamond industry within a year if end-consumer demand holds – Zimnisky

An independent diamond industry analyst and consultant said the natural diamond industry will be in a better position within a year time if end-consumer demand holds. Paul Zimnisky, CFA told Rough & Polished’s Mathew Nyaungwa in an exclusive interview...

02 september 2019

Working according to one’s weaknesses and strengths

Canon Jhaveri grew up watching his diamond-dealer father and uncle working with diamonds. The sparkles of the diamonds fascinated the young boy, who became more intrigued every time he visited his father’s office. After graduating in 2002, Canon Jhaveri...

26 august 2019

India’s July ’15 polished exports down 18%; rough imports down 43%

24 august 2015
India’s cut and polished exports for July ’15 declined by 18.3 percent recording $1512.74 million as against $1852.48 million in July ’14. In volume terms, a decrease of 14.4 percent was recorded as 2.80 million carats were exported during July ’15 in comparison to 3.26 million carats during July ’14, according to the provisional figures announced by the Gem & Jewellery Export Promotion Council (GJEPC) of India.
For the period of April to July ’15, polished diamond exports totaled $6746.03 million as against $7511.43 million for the period from April to July ‘14, registering a decline of 10 percent. In volume terms to a decline was recorded to 10.5 million carats exported in the period April to July ’15 compared to 11.6 million carats during the same period in 2014.
Rough imports recorded $1092.76 million for July ’15 as against $1912.46 million in July’14, registering a decline of 43 percent. In volume terms too, 9.36 million carats of rough was imported in July ’15 compared to 15.6 million carats for the same month in the previous year, indicating a decrease of 40 percent.
For the period Apl. to July ’15, rough imports recorded $5294.72 million as against $7131.47 million during Apl to July ‘14, registering a decrease of 25.6 percent. In volume terms too, rough imports declined, registering 44.5 million carats for Apl. - July ’15 compared to 54.6 million carats for the same period in 2014.
Rough exports showed a decline, registering $59.2 million for July ’15 as against $140.38 million for July’14, a decline of 57.8 percent. In volume term too, rough exports registered 2.2 million carats in July ’15 compared to 3 million carats for the same month in the previous year.
Polished diamond imports recorded $266.9 million for July ‘15 as against $634 million for July ‘14, showing a decrease of 58 percent. Imports of polished diamonds for the period Apl. to July ‘15 also indicated a decline of 55.7 percent to $946.4 million, from $2138.4 million for period Apl. to July ’14.

Aruna Gaitonde, Editor-in-Chief of Asian Bureau, Rough & Polished