LDB’s David Troostwyk: London still has major role to play in global diamond trade

London Diamond Bourse (LDB) President David Troostwyk has had a varied career in the diamond business. David sat down with Rough&Polished to discuss how his love of diamonds started, his career, the state of the diamond trade in the UK and globally...

12 may 2025

David Johnson: De Beers balancing lab-grown and natural diamonds rarity while pioneering ethical transparency

De Beers has been differentiating its lab-grown diamond brand, Lightbox, by positioning it as an affordable, fashion-focused product. Group spokesperson David Johnson told Rough & Polished that this is in contrast to how De Beers promotes natural diamonds...

28 april 2025

Who will bear the cost? Paul Zimnisky weighs in on U.S. jewellery tariff impact

The United States jewellery industry is facing a complex balancing act as new tariffs on diamonds force wholesalers and retailers to decide whether to absorb costs, negotiate with overseas suppliers (particularly India), or pass them on to consumers...

14 april 2025

Thataitsile Moremedi: South Africa's State Diamond Trader providing market access, exposure for nascent manufacturers

Although it is challenging for previously disadvantaged individuals to enter the diamond industry due to the financial barriers, South Africa's State Diamond Trader is providing nascent entrepreneurs with exposure, market access, and other support...

31 march 2025

Dr M'zée Fula Ngenge: KP has failed to adapt to contemporary challenges

The United Nations-backed Kimberley Process (KP), established in 2003 to prevent conflict diamonds from entering the mainstream rough diamond market, has failed to adapt to contemporary challenges, such as state-sponsored violence and sophisticated...

17 march 2025

India's cut & polished diamond exports in May dips 17%; Rough imports too decrease by 18%

22 june 2023
Cut & Polished diamonds

The overall gross export of Cut & Polished diamonds at $ 1723.17 mn in the month of MAY 2023 is showing a decline of 17.52% as compared to $ 2089.17 mn for the same period of the previous year, according to data published by the Gem & Jewellery Export Promotion Council of India (GJEPC).
The overall gross Imports of Cut & Polished diamonds at $ 86.11 mn in the month of MAY 2023 is showing a decline of 28.86% as compared to $ 121.04 mn for the same period of the previous year.
The overall gross Imports of Cut & Polished diamonds in DTA at $ 27.93 mn is showing a decline of 26.50% as compared to $ 38.01 mn for the same period in May 2022.
The overall gross Imports of Cut & Polished diamonds in SEZ at $ 58.18 mn is showing a decline of -29.93% as compared to $ 83.04 mn for the same period of May 2022.

Rough Diamonds

Rough diamond imports for the month of MAY 2023 show $1167.63 mn as against $ 1433.11 mn during the month of MAY 2022, indicating a decrease of 18.52 %.
Gross Imports of rough diamonds at $ 2611.50 mn
in APR 2023 - MAY 2023 have shown a decline of 4.82% compared with the imports at $ 2743.69 million for the previous year.
In volume terms, the gross Import of rough diamonds at 196.46 lakhs carats during APR 2023 - MAY 2023 has shown a growth of 19.94% compared with the imports at 163.79 lakhs carats during the previous year.

Polished Lab Grown Diamonds

Provisional gross export of Polished Lab Grown Diamonds for the period APR 2023 - MAY 2023 at $ 236.08 mn shows a decline of 27.46% over the comparative figure of $ 325.45 mn for the previous year.

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