Tshepo Molusi: South Africa establishes dedicated diamond retail shop in China

T3 Diamonds founder Tshepo Molusi told Rough & Polished’s Mathew Nyaungwa at the inaugural South Africa Diamond Show in Cape Town that the shop opened an opportunity for diamond manufacturers under the incubation to export their products to China. He...

Yesterday

Nosiphiwo Mzamo: South Africa’s State Diamond Trader to buy diamonds from other African countries

South Africa’s State Diamond Trader (SDT) is set to buy diamonds from other African countries starting with Botswana. SDT’s chief executive Nosiphiwo Mzamo told Rough & Polished’s Mathew Nyaungwa at the country’s inaugural diamond show, which...

10 february 2025

Edahn Golan: Halo effect from lab-grown diamonds driving high demand for large, 2-carat natural stones in the U.S.

Edahn Golan, owner of the eponymous Edahn Golan Diamond Research and Data, told Rough & Polished's Mathew Nyaungwa in an exclusive interview that their research found a halo effect from lab-grown diamonds. He said the trend among lab-grown diamond...

27 january 2025

Paul Zimnisky: We will see a modest recovery in natural diamond demand and prices in 2025

According to Paul Zimnisky, an independent diamond and jewellery analyst and consultant based in the New York metro area, the natural diamond industry will see a modest recovery in demand and prices this year. Zimnisky said a moderate recovery would...

13 january 2025

African Diamond Council makes traceability its top priority, wants KP to embrace Authentia.io

The African Diamond Council (ADC) has made traceability its foremost priority and has been contributing to a traceability solution called Authentia.io for the last three and a half years, which is now ready to globally satisfy the traceability...

16 december 2024

Russia increased gold exports to Hong Kong by seven times

01 december 2023

For the first 10 months of 2023, Russian gold producers shipped about $5.3 billion worth of gold to Hong Kong consumers. In annual terms, the volume of gold exports to this country increased by 625.8%, or 7.3 times, TASS reports.

In particular, in October alone, Russia exported about $987.6 million worth of the precious metal to Hong Kong consumers, an increase of 6.3 times, or 527.1%.

The volume of deliveries for October turned out to be higher than for the whole of 2022. Last year, Russian gold exports to Hong Kong amounted to just about $966.2 million.

According to TASS, Russian gold exports to Hong Kong this year reached the highest value in the last 11 years. The October result was also a record since 2012.

Alex Shishlo for Rough&Polished