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

Gold sector analysts see solid gold demand during Diwali & Wedding celebrations in India

16 november 2023

Throughout India, this year’s celebration had a solid impact on gold demand, with high turnout of buyers.

Though demand has been volatile through most of the year, lower prices at the start of the month created some optimism.

It had been busy ahead of Diwali in early October due to the price correction. But, given the festive season is still underway and the wedding season follows, the recent cooling off in the gold price just ahead of Dhanteras may bode well for demand, at about 25 to 30% higher sales this Diwali, according to jewellery retailers.

Therefore, the solid physical demand in India and other emerging markets should provide solid support for gold as prices hold elevated gains into year-end, India’s wedding season.

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