Dmitry Fedorov: I want our jewelry to be displayed at a museum in the future

Dmitry Fedorov is the founder of the eponymous jewelry house. His main focus is the creation of Orthodox-inspired premium luxury jewelry of high artistic merit. He told Rough&Polished about his journey in the jewelry industry, about choosing the ‘Orthodox...

28 october 2024

Responsible business practices ‘no longer optional’, says WDC President Feriel Zerouki

The president of the World Diamond Council takes time out of her busy schedule to tell Rough&Polished readers about the critical work of the WDC. Zerouki, the first female present of the body, which includes all the important industry organizations among...

14 october 2024

James Campbell: Botswana Diamonds optimistic as it enters uncharted territory of using AI for mineral exploration

London-listed Botswana Diamonds has expressed optimism about the company’s use of artificial intelligence (AI) to scan the exploration database in Botswana to look for new mineralised deposits. Company managing director James Campbell told Rough...

07 october 2024

Artur Salyakayev: For me, happiness is freedom to make my ideas happen and create valuable products

Artur Salyakayev is an art entrepreneur, founder of the International Jewelry Academy (IJA) and the INCRUA jewelry company. He has initiated and developed successful projects in jewelry industry and services sector. He is also a leading expert...

30 september 2024

Paul Zimnisky: China key for sustained recovery in demand for natural diamonds, prices

The curtailing of upstream and midstream natural diamond production in the past months is starting to have an effect on prices, according to the New-York-based independent diamond and jewellery analyst and consultant, Paul Zimnisky. He told Rough & Polished’s...

23 september 2024

US Polished Diamond Imports Drop

30 october 2017
US polished-diamond trading slowed in August, according to government data.
Polished imports slid 7% to $1.55 billion for the month, figures showed. Polished exports slipped 0.4% to $1.38 billion, meaning net polished imports — the excess of imports over exports — fell 37% to $176 million.
By volume, polished imports declined 19% to 735,000 carats, with the average price increasing 15% to $2,113 per carat.
Rough imports more than doubled to $33 million from $13 million a year ago, while rough exports grew to $124 million from $16 million. Net rough imports stood at negative $91 million, compared with negative $2 million a year ago.
The US net diamond account — total rough and polished imports minus total exports — fell 70% to $85 million.
In the first eight months of the year, polished imports dropped 5% to $14.8 billion. Polished exports declined 4% to $12.26 billion, and net polished imports retreated 11% to $2.54 billion. Rough imports grew 31% to $555 million, while rough exports soared 94% to $526 million, leaving net rough imports 81% lower at $29 million. The January-to-August net diamond account fell 15% to $2.57 billion.