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

Polished diamond exports from India dip 28%, rough diamond imports decrease 6% in February 2024 - GJEPC

21 march 2024

The Gem & Jewellery Export Promotion Council (GJEPC) of India has released its monthly data on the country's diamond trade for February 2024.

Overall gross exports of polished diamonds in February fell 28% to $1.707 billion as compared to $2.369 billion during the same period of the previous year. For the period of April 2023 - February 2024 (since the beginning of the financial year) polished exports declined by 27.6% to $14.802 billion, from $20.441 billion during the same period of the previous year.

Rough diamond imports to India decreased by 6% to $1.589 billion in February 2024 compared to $1.688 billion for the same month a year earlier. From April to February, imports of uncut diamonds fell 18% to $12.859 billion, from $15.715 billion during the same period of the previous year.

The overall gross imports of polished diamonds to India in February 2024 stood at $130.4 million, a growth of 70.6% compared to $76.4 million in February of the previous year. In April-February, they grew by 47% and amounted to $1.79 billion as compared to $1.218 billion for the same period of the previous year.

According to provisional data, gross exports of polished lab grown diamonds (LGD) for February 2024 grew by 3% and stood at $139.1 million, while in February of last year the figure amounted to $135.2 million. During the period of April-February, polished LGD exports were down 18.5% to $1.278 billion as compared to $1.569 billion for the same period a year earlier.

Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished