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

CareEdge Ratings: India's polished diamond exports to dip 15% this fiscal, LGD exports to cross $3 bn by FY26

04 september 2023

India's exports of cut and polished diamonds (CPD) may end the fiscal with a decline of around 15 per cent, according to a CareEdge Ratings' report.

The agency attributes the recent steep fall in exports to the prevailing high inflationary pressures across major diamond-consuming markets. Consequently, India's CPD exports plunged 32 per cent during the first four months of the current fiscal as compared to the corresponding period a year ago. The agency expects the country's CPD exports to decline about 10-15 per cent to about $19 bn this fiscal.

As per the report, while natural diamond is going through a temporary disruptive phase, green shoots appear in the Lab-Grown Diamond (LGD) segment.

Exports of LGD jumped around 41 per cent in the last four years ending FY23, as these are much cheaper than natural diamonds. Given the favourable demand outlook, coupled with large additions of capacities, LGD exports are expected to cross $3 bn by FY26.

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