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

Jewellery recycling in India to touch 150 tn as gold prices soar

12 december 2023

Gold prices in India have jumped to an intense volatility on the back of firm trend in the global markets on the expectations of US Fed cutting lending rates sooner than expected. 

The soaring gold prices have depressed jewellery demand, though exchange of old jewellery for new jewellery and cash has picked up sharply in Mumbai, one of the oldest jewellery markets and a major hub for B2B and B2C jewellery industry.

Kumar Jain from India Bullion and Jewellers Association said that there has been a big rush in almost all the jewellery shops in Zaveri Bazaar in Mumbai in the last two months as consumers are taking advantage of high gold price and exchanging it for new designs by adding little more money from their savings. Most of the consumers are buying jewellery for forthcoming weddings in the family or gift it to their close friends and relatives in a wedding, he added.

According to the Confederation of All India Traders’ estimates, about 3.5 million weddings are to be solemnised till December-end and generate an estimated business of $51 billion this wedding season.

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