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

Eduard Gorodetsky: Currently we see high demand for synthetic diamonds for use in technology segment rather than in jewelry

Director General of the Advanced Synthetic Research Center Eduard Gorodetsky told Rough&Polished about the current situation at the company, new exclusive technologies in the synthesis and production of lab-grown crystals, as well as the Research Center’s...

11 march 2024

Israel-Hamas war may hit India's gems and jewellery exports

11 october 2023

The escalation of the Israel-Hamas war could sound trouble for India’s gems and Jewellery exports, which are already facing headwinds as cost involved in shipments to Israel and some of its biggest markets in the region could increase.

Gems and jewellery is the second biggest item of exports from India to Israel after petroleum products, mainly diesel. West Asia’s share in India’s exports of precious stones and jewellery is around 17% of the total which was $37.9 billion in the last financial year, with exports to Israel another $1.3 billion.

Israel imports gems and jewellery from India and re-exports with some value addition to developed countries. Israel is also the technology provider to the sector.

Cut and polished diamonds constitute the highest exported commodity category with a trade of $1.27 bn . The second highest commodity category Worked Labs Grown exports were $40.65 mn in 2022-23.

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