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Bharat Diamond Bourse
India Trading Still Down, but Decline Eases
India’s polished-diamond exports fell 26% year on year to $1.22 billion in August, a gentler decline than in previous months, as overseas jewelry demand improved, the country’s Gem & Jewellery Export Promotion Council (GJEPC) reported.“We have...
Polished Markets Sep 15, 2020 Rapaport News
Manhattan Brooklyn Bridge
US Imports Drop – but at Slower Rate
US polished-diamond imports fell again in June, but the rate of decline eased as the economy reopened following lockdowns. Shipments were down 34% to $822 million for the month, according to the Commerce Department, compared with...
Retail Aug 17, 2020 Rapaport News
Melee at De Beers Industry Group Services Surat
Eight Surat Cutting Units Return to Work
India has resumed manufacturing and exports of gems and jewelry, as the country starts to ease its restrictions following five weeks of lockdown.Eight production units in Surat, the country’s diamond-cutting hub, have begun operations at the...
Polished Markets May 04, 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
Store in NY diamond district
US Trade Slowdown Continues
US diamond shipments fell in November, according to government data. Polished imports declined19% as lower volumes outweighed an increase in the average price. US Trade Data for November 2019 Nov 2019 Year-on-year change Polished imports $1,382 -19%...
Polished Markets Jan 13, 2020 Rapaport News
Large rough diamond
What Happened in the Diamond Trade in 2019
Last year will go down as a difficult one for the diamond industry. While manufacturers took the biggest hit with thin profit margins, tight liquidity and excess supply, miners also suffered as rough demand...
Polished Markets Jan 02, 2020 Rapaport News
Diamond in tweezers
India’s Polished Exports Hit Three-Year Low
India’s polished-diamond exports slid 13% in the first six monthsof the year, reaching their lowest level since a market slump in the secondhalf of 2015. The drop reflected a slowdown in the trading and manufacturingsectors, resulting...
Polished Markets Aug 04, 2019 Rapaport News
GIA color grading
GIA Cuts Prices 10% Amid Market Slowdown
The Gemological Institute of America (GIA) has temporarilyreduced grading fees for certain smaller diamonds after recording a drop in submissionsduring the recent industry slump. The organization is slashing prices of reports by 10% forpolished weighing from...
Polished Markets Jul 16, 2019 Joshua Freedman
Gold
India Hikes Import Tax on Precious Metals
India’s Gem & Jewellery Export Promotion Council (GJEPC)has expressed disappointment with the nation’s latest Union Budget, adding that failure to reduce high duties on gold and diamonds will result in furtherjob losses.The council...
Financial-Legal Jul 07, 2019 Rapaport News
NY jewelry store
US Polished Imports Rise in 1Q
Shipments of polished diamonds to the US grew 4% to $5.51billion in the first quarter, as a stronger March canceled out a negative startto the year. Imports rose 13% to $2.23 billion for the month, compared with a1% rise in January...
Polished Markets Jun 06, 2019 Rapaport News
Sands Expo
Video: Vegas Show Sees Light Traffic
The JCK Las Vegas show ended Monday, with participants notinga decline in buyer traffic and exhibitors at this year’s event. Sentiment amongdiamond suppliers was relatively weak, as buyers were conservative, and overalldealer trading...
Polished Markets Jun 04, 2019 Avi Krawitz
Alrosa colored diamond polished
Alrosa to Sell Directly to Consumers
Alrosa is launching a source-of-origin program that will enable dealers and consumers to buy polished diamonds with detailed provenance information.The Russian miner will create an “electronic passport” for each diamond on a new website, diamonds.alrosa.ru, presenting...
Retail Jun 04, 2019 Rapaport News
Mahiar Borhanjoo
Venus Jewel Exec to Join DFL Group
Mahiar Borhanjoo is set to leave Venus Jewel Internationalto become CEO of the DFL Group, the company behind a new onlinepolished-diamond hub. Borhanjoo has been managing director of India-based Venus Jewel, aleading polished manufacturer and...
Polished Markets Jun 02, 2019 Rapaport News
Alrosa
Alrosa March Revenue Plunges
Sales at Alrosa fell 33% year on year to $377.1 million inMarch, even as the rough market picked up after a weak start to the year. Rough-diamond proceeds were $369.2 million for the month, also 33% lower...
Mining Apr 11, 2019 Rapaport News
Alrosa
January Slowdown Hits Alrosa Sales
Alrosa’s sales fell in January amid market weakness, the miner said Tuesday. Proceeds decreased 44% year on year to $281.5 million.Rough-diamond sales dropped by the same percentage to $278.2 million, while polished revenue slid38% to $3.4...
Mining Feb 12, 2019 Rapaport News
Lesedi La Rona
Graff Unveils Polished from 1,109ct. Lesedi La Rona
Graff Diamonds has showcased the first of more than 60diamonds it plans to polish from the 1,109-carat Lesedi La Rona rough stone itbought last year.They include two D-color, flawless diamonds mounted on rings, of which one...
Polished Markets Nov 12, 2018 Rapaport News
Diamond & Loupe
Diamond Prices Slide Before Diwali Break
RAPAPORT PRESS RELEASE, November 6, 2018, New York… Polished-diamond prices softened in October as inventory levels rose ahead of the Diwali festival. Despite the decline, sentiment improved, with expectations growing for the US holiday season....
Polished Markets Nov 06, 2018 Rapaport
Alrosa 150
Alrosa Garners $1.5M at New York Polished Sale
Alrosa brought in $1.5 million from its firstpolished-diamond tender in New York since it reopened its office in the cityearlier this year. The Russian miner’s cutting division, Diamonds Alrosa,sold 111 polished stones weighing from...
Polished Markets Aug 09, 2018 Rapaport News
India 150
India Sees Further Rise in Diamond Exports
A higher average price resulted in anincrease in India’s polished-diamond exports in June. Outbound polishedshipments have grown this year, with a 9% rise in the second quarter and a 10%jump for the first six months. India Diamond Trade...
Polished Markets Jul 18, 2018 Rapaport News
Kristall polishing factory
Alrosa Mulls Buying Manufacturer Kristall
Alrosa is considering acquiring Kristall Smolensk Diamonds,Russia’s largest manufacturer of polished goods.The miner’s supervisory board deemed the potential deal“expedient” after examining it on April 28, it told Rapaport News Sunday.“Alrosa…sees that such an acquisition, under certainconditions,...
Manufacturing May 06, 2018 Rapaport News
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