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 looks to Japan and Latin America to arrest fall in gems & jewellery exports

18 august 2023

The recent slowdown in India’s top export markets, including the US, European Union and Hong Kong has necessitated the need to diversify and scout for fresh markets as Indian Government looks to resuscitate demand for this crucial sector, according to government officials.

In the first quarter of the current fiscal, outbound shipments to the US and Europe fell 28 per cent and nearly 21 per cent, respectively

India is eyeing newer markets, like Japan, South Korea and key nations in Latin America such as Brazil, Argentina and Chile, to tackle the lukewarm demand from traditional buyers of India's gems and jewellery.

The choice of destinations depends on the appetite of these nations and the potential for more exports.

New Delhi is also banking on the India-Australia Economic Cooperation and Trade Agreement (ECTA) that came into force on December 29, 2022, to boost exports, on the back of the preferential zero duty market access to Australia for 100 per cent of its tariff lines, benefiting the labour-intensive gems and jewellery sector.

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