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...

16 april 2024

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

Gujarat accounts for 72% of world’s diamond processing - authorities

12 december 2023

Asserting that Gujarat plays a crucial role in India’s jewellery landscape, accounting for 72% of the world’s share of processed diamonds, authorities said on 11 December 2023 that the State has a 80% share in the country’s diamond exports, according to a Times of India report.

The State houses over 450 organized jewellery manufacturers, importers, and exporters. Surat, Ahmedabad, and Rajkot have emerged as major clusters, with Surat being a global powerhouse in diamond production.

An estimated 90% of Gujarat’s diamonds are processed in and around Surat, employing over 9 lakh people, giving it the title of ‘Silky City Sparkling with Diamonds.’ Recognizing the changing dynamics of the diamond industry, the state government is actively promoting the lab-grown diamonds (LGD) sector, according to the statement.

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