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Rough diamonds
India Urges ‘Self-Discipline’ from Rough Buyers
Indian industry leaders have renewed their calls for limits on rough imports during the Covid-19 crisis, noting that diamond demand remains uncertain.The Gem & Jewellery Export Promotion Council (GJEPC) and four...
Rough Markets Aug 02, 2020 Rapaport News
Melee polished diamonds being graded and organised
India Extends Import Curbs as Surat Shuts Again
Indian trade bodies have recommended continued limits on rough-diamond imports in July, with a fresh weeklong shutdown of the Surat cutting sector adding to concerns about the market.The Gem & Jewellery Export Promotion Council (GJEPC)...
Polished Markets Jul 01, 2020 Joshua Freedman
Surat
Virus Cases Shut Parts of Surat Cutting Units
Around eight diamond-cutting businesses in Surat have closed parts of their factories after a coronavirus outbreak.Authorities ordered the shutdowns after 20 to 23 workers tested positive for the virus, Colin Shah, chairman of the Gem & Jewellery...
Manufacturing Jun 16, 2020 Rapaport News
Surat
Surat Diamond-Cutting Sector Reopens
The Indian government has allowed diamond businesses in Surat to reopen with limited staff numbers following concerns the shutdown was causing an exodus of workers.Companies can now employ 50% of workers in factories and 33% in offices,...
Manufacturing May 21, 2020 Rapaport News
Melee diamonds at De Beers Group Industry Services
India’s Cutting Sector Faces Decade-Low Revenues
India’s polishing revenues will plummet to their lowest in a decade this year, as prices have dropped and inventory has built up, a credit agency has warned.Diamond sales will decline up to 32%, to $13 billion to $15 billion,...
Polished Markets Apr 28, 2020 Rapaport News
Surat
Surat Diamond Manufacturing Shuts Down
The entire polishing industry in Surat has shut until March 31 after Indian authorities introduced tight restrictions to slow the spread of the coronavirus.Activities stopped on Tuesday in line with a lockdown enforced by the Gujarat state government....
Polished Markets Mar 24, 2020 Rapaport News
Rough diamonds
Rough Slowdown Weighs on Asian Star
Sales and profit slumped at Indian diamond manufacturerAsian Star in the second fiscal quarter as weak rough demand prompted it to reduceits trading activities. The Mumbai-based company supplements its core cuttingbusiness by reselling rough through its...
Manufacturing Nov 18, 2019 Joshua Freedman
Synova machine
Synova Launches Automated Cutter
A technology provider part-owned by De Beers has unveiled anautomated cutting machine that, it claims, will significantly speed up diamondmanufacturing and reduce costs. Synova’s DaVinci system is the market’s first automated instrument that can produce all...
Manufacturing Sep 26, 2019 Rapaport News
De Beers Botswana 150
De Beers, Botswana Prep for New Sales Deal
Botswana once again finds itself at a crossroads. The sparsely populated,landlocked country is in a constant battle to ensure the longevity of itsdiamond industry.Recognizing that diamond mining will not last forever, thegovernment’s beneficiation program has sought to establish...
Mining Jul 09, 2018 Avi Krawitz
Tiffany & Co 150
Tiffany to Close Antwerp Polishing Facility
Tiffany & Co.’s manufacturing unit, Laurelton Diamonds,plans to shut its polishing center in Antwerp, shifting the operations to its otherworkshops in Botswana, Cambodia, Mauritius and Vietnam. Laurelton will continue to carry out rough sourcing,sorting, marking...
Manufacturing Mar 15, 2018 Joshua Freedman
Cutting Wheel
Diamond Midstream Improving Efficiency, Says Bain
Tough market conditions are forcing diamond traders andmanufacturers to adjust their business models amid sluggish consumer demand, accordingto a report by management consultancy Bain & Company. While miners’ sales of rough diamonds to the midstreamleapt...
Manufacturing Dec 13, 2017 Rapaport News
Alrosa Mir mine
Alrosa Moving to Annual Rough Allocations
Alrosa will start assessing its clients’rough-diamond needs annually rather than every three years, beginning in its next contract period — a move that will give the Russianminer more opportunity to match supply with demand.At...
Mining Nov 06, 2017 Rapaport News
Constellation Diamond
Dubai Factory to Cut 813ct. Constellation
Dubai’s first diamond-manufacturing facility, which officially opened Tuesday, has been tasked with cutting and polishing the world’s most valuable rough diamond. Almas Diamond Services set up the factory with an investment of $1.8...
Manufacturing Oct 19, 2017 Avi Krawitz
Almod Diamonds
Almod Diamonds to Open Canada Cutting Factory
New York-based Almod Diamonds will expand production of its patented 'Crown of Light' cut by opening a new cutting andpolishing facility in Canada’s Northwest Territories next year.Almod, an affiliate of retailer Diamonds International, saidit will set up a factory...
Manufacturing Dec 21, 2016 Rapaport News
Lesedi La Rona
Lesedi La Rona Poised For 1H Sale
Lucara Diamond Corp. plans to sell the 1,109-carat Lesedi LaRona in the first half of next year, after the rough diamond failed to find a buyer at a Sotheby’s auction in June.The stone, which is the second largest rough...
Mining Dec 18, 2016 Rapaport News
Kiran Gems
Kiran Gems Expands With New Surat Factory
Kiran Gems openeda new factory in Surat in response to the company’s growth and increaseddemand.The 200,000 square-foot facility has capacity for 10,000diamond cutters. It offers advanced planning and cutting technology for allkinds of rough diamonds,...
Manufacturing Aug 07, 2016 Rapaport News
Shrenuj
Shrenuj's Revenue and Profit Slump in 4Q
Shrenuj & Co., a Mumbai-based diamond and jewelry manufacturer, reported that sales slumped 47 percent year on year to $156 million (INR 9.97 billion) during its fiscal fourth quarter that ended March 31. Group...
Polished Markets May 29, 2015 Ronen Shnidman
Israel Diamond Exchange
Press Release: Israel Takes Steps to Revive Diamond Manufacturing
Press Release: An advanced “one-stop-shop” for diamond manufacturing, recently opened near the Israel diamond complex in Ramat Gan, is the first step in an ambitious plan by Israeli diamond leaders to bring back a large part of the offshore...
Manufacturing Mar 25, 2015 IDE
India Arch
Gem & Jewellery Skill Council of India Begins Certification Program
Nearly 20,000 skilled artisans from Surat are preparing to take written and theoretical exams in pursuit of a new professional certificate that was developed by the Gems & Jewellery Skill Council of India (GJSCI) and the...
Research Feb 11, 2015 Zainab Morbiwala
Diamond Under Microscrope
Diamond Cutters Approaching Era of Disruption
Diamond manufacturers are entering an era of fierce competition as the looming decline in rough diamond supply is expected to place additional pressure on their already razor-thin profit margins. “A manufacturer always operates with a benchmark margin, which is the...
Manufacturing Dec 14, 2014 Ronen Shnidman
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