Recent statistics on the net imports of rough diamonds to India and net export of polished diamonds
from this country suggest that the diamond market is gradually coming back to supply-demand balance," commented Evgeny Agureev, Director of the United Selling Organization ALROSA, member of the Executive Committee.
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"One of the reasons for the growing gap between roughs and polished diamond
prices in India is over-invoicing," says Dheeraj Malhotra, Partner at law firm MP Partners.
Imports of polished diamonds
grew 26% to EUR 2.2 billion, while the import of rough diamonds was up by 41% to EUR 2.3 billion.
Dubai's total trade of polished diamonds
reached $5.29bn at the end of the first six months of 2008, according to the DDE.
A draft Commission Regulation unveiled in August sets new mechanisms to oversee Antwerp's polished diamond
markets - which handles 80% of the world's diamonds - as well as the market in London.
About 250 tons of processed kimberlite ore are required to produce a One-carat gem quality polished diamond
* In 6M 2019, the rough and polished diamond
market saw weak activity in all segments.
Summary: Surat (Gujarat) [India], Jul 30 (ANI): The export of cut and polished diamond
has increased by 8.9 percent in July as compared to the same month a year earlier, as per Gem and Jewellery Export Promotion Council (GJEPC) data.
imports during the twelve months of 2010 rose 88 per cent to 90 million carats ($13.3 billion) and polished diamond
exports rose 128 per cent to 73.6 million carats ($14.6 billion).