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

Global slowdown takes the sheen off the gems & jewellery industry in Rajasthan

02 november 2023

According to trade experts, Jaipur’s gems and jewellery exports, which were on a rise before the pandemic, may see a muted growth this financial year amid global slowdown.

The overseas demand has also shifted to light-weight stone-studded jewellery, of both precious and non-precious stones.

In 2022-23, the gems and jewellery exports from the city were estimated at over $1,177 mn. The exports may clock a similar figure for this financial year as well, say experts. Till September, the exports stood at over $650 mn.

Jaipur, known for its jewellery manufacturing and coloured gemstone industry, engages more than 50,000 traders. More than 100,000 craftsmen also earn their livelihood through it.

“We export the items mainly to the US, Hong Kong, the UAE, and Europe,” Rahul Rajpurohit, a city-based jeweller, said. Jewellery made of gold and silver, which is studded with coloured gemstones, is being exported to these countries, he said. However, another city-based jeweler, Jitendra, said it was a bit early to predict export figures. There is hope of exports growing because of Christmas and other festivals, he said.

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