Varvara Dmitrieva: The jewelry industry of Yakutia is distinguished by its creativity, unique cultural code and conservation of traditions

Varvara Dmitrieva, Associate Professor and Head of the Department of Precious Stones and Metals Processing Technologies of the North-Eastern Federal University, told Rough&Polished about the results of the Forum of jewelry Craftsmanship and the prospects...

Yesterday

Valery Budny: There is no strategy and legislation in Russia enabling the full cycle processing of precious raw materials within the country

Valery Budny, Head of the Jewelry Russia program and CEO of the JUNWEX media holding, told Rough&Polished about the results of the meeting and pressing issues in the precious metals and precious stones (PMPS) and the jewelry sectors.

11 april 2024

Paul Zimnisky: Natural diamonds face the risk of eroding their appeal if constantly discounted

New York-based independent diamond and jewellery analyst and consultant Paul Zimnisky told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that the industry should do away with discounts. He said the industry should treat natural diamonds...

01 april 2024

Edahn Golan: Lab-grown diamond prices to continue declining

In an exclusive interview with Rough&Polished's Mathew Nyaungwa, Edahn Golan, proprietor of the eponymous Edahn Golan Diamond Research and Data, predicted that the prices of lab-grown diamonds would continue to decline, especially at the retail and...

25 march 2024

ADPA’s Ellah Muchemwa: G7 restrictions to bring extra costs from diamond mining to retail

The African Diamond Producers Association (ADPA), which has openly registered its disdain for the G7’s rough diamond trade restrictions, is of the opinion that the move will bring extra costs on all stages, from mining to retail. ADPA executive...

18 march 2024

India is poised as the largest exporter of lab-grown diamonds globally

28 june 2023

India is the market leader in exporting lab-grown diamonds (LGD) to the United States, the United Arab Emirates, and China. India's LGD exports amounted to $1.3 bn in 2021-22, a 106.5 per cent increase compared to the $636.44 mn in 2020-21.

The industry’s rise began in 2018 as India exported lab-grown diamonds worth $216.07 mn to rise to $1.57 bn in the financial year 2022 - 2023. From their humble birth in the 1950s, lab-grown diamonds have grown to be embraced by big watch and jewellery companies.

Figures emerging from India are also proof of this boom. India exported lab-grown diamonds worth $216.07 mn in the financial year 2017-18. The latest number between April 2022 to February 2023 stood at $1.5 bn, a seven-times rise in volume over six years.

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