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...

16 april 2024

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

De Beers rough diamond sales continue to decline

26 july 2023

De Beers' rough diamond sales continued to decline as its sixth sales cycle of 2023 realised $410 million compared to $638 million a year earlier or $456 million during the fifth sales cycle of the year.

However, the tentative rough diamond sales amount cited for the sixth cycle indicates the anticipated sales value for the period between July 10 and July 25 and is subject to change based on the final sales figures.

"Consistent with seasonal tendencies, rough diamond sales remained at a lower level throughout the sixth sales cycle of the year," said De Beers chief executive Al Cook.

"Participants in the midstream sector of the diamond industry continue to approach purchases with caution in light of ongoing macroeconomic concerns."

Diamond industry analyst Edahn Golan tweeted that the 36% year-on-year decline shows global demand for diamond jewellery continues to weaken after the COVID-19 surge.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished