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

Indian diamond industry is glad at ALROSA's suspension of rough supply for September & October

26 september 2023

While a portion of the diamond manufacturing sector from Surat are expressing a rather depressing note, the trading sector on the whole seems to be glad that ALROSA has suspended supply of rough diamonds for September and October.

According to Vipul Shah, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC), he had approached a number of diamond miners to see if they would reduce supplies amid declining demand.

He reportedly said: "We believe that exploring mechanisms to manage the supply and prices of natural diamonds through collaboration among miners can be instrumental in bringing balance to the market."

Now, ALROSA's suspension of rough diamond has been welcomed by India's GJEPC as a positive move to combat overstocking. However, the G7 nations representing 70 per cent of diamond consumption, are widely expected to announce restrictions to be implemented in the New Year.

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