Gold suppliers imported large volumes of gold to India in November 2014 in anticipation of the government's adoption of new stringent restrictions on the import of precious metals. But the government decided otherwise and, instead of tightening restrictions, decided to cancel the 80:20 scheme, which was designed to reduce the import of gold into the country. In turn, this measure led to a glut of the Indian gold market. Import of gold soared in value terms to $ 5.61 billion in November, which led to a record 18-month growth in the trade deficit.
However, now many Indian families have accumulated gold reserves in jewelry and other forms to prepare for the upcoming wedding season, which will begin in mid-January. This trend could lead to a reduction in imports of gold to India by 73% from 151 tons of precious metal in November 2014 to 40 tons in January 2015.
"About 30-40% of the demand for wedding jewelry falls on the gold that is in the hands of many Indian families." New jewelry continues to be sold, but much more slowly, "said Ketan Shroff, spokesman for the Indian Association gold and jewelers (Bullion & Jewelery Association).
According to various estimates, up to 22 thousand tons of gold in various forms is in the hands of the population of India.

Online store of diamonds and jewelry with diamonds iDIAMONDS.com became the first jewelry online retailer that will accept the electronic currency Bitcoin for settlements with customers. 
According to a study conducted by the online store iDIAMONDS.com, headquartered in the World Diamond Tower in New York, "the biggest consumer problem in the retail diamond market is too much choice and too much information."
One of the founders and CEO of the company Dan Gildoni aims to solve this problem by simplifying the process of buying diamonds, including using lower prices than in regular stores and Bitcoin calculations.
"As you know, diamonds are forever, their value is traditionally growing, it is a stable product and a demanded product," Gildoni said.

The group of companies KGK Group has opened the fifth boutique of its trade mark Entice in the city of Bangalore in the south of India. Dia Mirza, the famous Bollywood actress, took part in the opening of the company's fifth boutique in India (the other Entice boutiques are located in Delhi, Mumbai and Jaipur) and the seventeenth in the world.
Luxurious and elegantly designed two-story boutique is spread over 280 square meters. The rich interiors of the new marketplace make the very visit of the boutique unforgettable. Entice announces the advent of a new era of jewelry design, which is inspired by Indian traditions and correlates with the growing need for universal aesthetics.
Entice considers as its achievement the creation of unique jewelry ornaments of any shape, which rethink the very concept of elegance and craftsmanship.
In addition to a wide range of unique jewelry, the boutique can offer buyers a new collection of gold jewelry with diamonds and gems Kundan Polki, which revives the traditional craftsmanship of Indian jewelers. The collection includes amazing samples of Kundan Polki, created by the best masters of Entice.
"Our remarkable new boutique is one more step in the development of our retail network in India, Entice will always strive to create the best samples of jewelry that we used to be proud of. Our precious stones and jewelry of the highest quality and unique design can not be surpassed, and this makes them even more desirable, "said Sanjay Kothari, vice president of KGK Group.

A new diamond cutting plant will be opened during the International Diamond Week, which will be held on February 8-12, 2015 in Israel. The new venture is a joint initiative of the Israel Diamond Exchange (IDE), the Israel Diamond Manufacturers Association (ISDMA) and the Israeli Diamond Institute (IDI). It represents an ultramodern production site for independent diamond cutters and serves the purpose of training new generations of diamond cutters.
"The idea of the Modern Manufacturing Center (MMC), as we call it, was born out of necessity, and thanks to the solidarity of our organizations," said Yoram Dvash, Chairman of the IDE Industry Committee .-- IDE, IsDMA and IDI realized that there is a need to create a new enterprise for new generations of cutters, and we look forward to the launch of this truly unique project at the International Diamond Week in Israel in February. "
The honorary president of IDE, Shmuel Schnitzer, said: "The global diamond industry and trade are undergoing major changes now, and one of the important things in this regard is the development of competition in the sphere of diamond cutting.MMC is an important tool for creating a group of well-trained and motivated cutters We will be happy to open MMC at the upcoming International Diamond Week in the presence of our colleagues from around the world. "
MMC is equipped with the most advanced equipment for sawing and laser cutting of diamonds, decision making technologies from Sarine and OGI, and Galaxy 2000 from Sarine for diamond research.
The World Diamond Week in Israel is organized in close cooperation with the Diamond Dealers Club of New York (DDC) and the Antwerp Diamond Bourse. Dozens of representatives of both organizations will attend the event in early February.

Association Jewelers of America for the first time will organize a live broadcast of the annual ceremony of rewarding jewelers (Gem Awards), which will be held on January 9, nationaljeweler.com reports.
The beginning of the broadcast of the ceremony is scheduled for 03.00 Moscow time (7.00 pm North American Eastern Time, EST), when nominees for the award and honored guests will start arriving at the opening ceremony of the solemn event. You can also watch the broadcast on the Jewelers of America website.
The ceremony will begin with the announcement of the winners in three different jewelry nominations, and will also include a speech by Larry Pelzel, Vice President and Director of Precious Stones at Neiman Marcus, with a thank-you speech on the award for outstanding achievements in the American jewelry sector .
"The award ceremony, which will take place this year, will be very intense and unlike other our previous years' ceremonies," says Norman Miller, head of the committee of the annual jewelry award. "The live broadcast will allow everyone, as well as people close to jewelry industry, relatives and friends of the nominees, take part in our ceremony. "

As part of the recently completed sale of the "Magnificent Jewels" auction house Christie's was set a new world record for the prices sold in the same auction jewelry - $ 150.2 million, and the main auction lot - 392.52 carat sapphire - he
was the champion.
"Blue Beauty of Asia" set a new world record for sapphire price, when it was sold for $ 17.5 million, or $ 44,063 per carat, which allowed the current Christie's jewelry auction to become the largest in the history of trading. Estimeyt "beauty" was $ 7-10 million.
The main auction lots were also: Earrings with a fantastically bright blue diamond of 6.95 carats and a fantastically bright pink diamond of 6.79 carats, purchased by Laurence Graff from Graff Diamonds for $ 15.6 million; a fantasy pink round cut diamond with a purity of VS2, sold for $ 6.1 million; Burmese oval ruby weighing 23.66 carats, rimmed in a ring from Cartier, bought for $ 6 million
Close the list of ten major auction lots following items: a diamond necklace with natural pearls in the Art Deco style, another necklace with five yellow cut diamonds "kushon ", a gold bracelet with diamonds and green garnets called" Parrot Tulip "from JAR, and a pair of pendants made from natural pearls with diamonds.
In total, 89 percent of the lots were sold. The total revenue was 94% of the potential value of all goods exhibited.
Such auctions as Magnificent Jewels, Patek Philippe 175 and Important Watches allowed Christie's to finish the autumn sales week of 2014 with a combined total of $ 185 million, the highest since the first Christie's auction in Geneva in 1969, according to a press release from the auction house

For the first time in Russia, the round table Online Retail Russia 2014 on the jewelry segment will be held online.
On November 27 and 28, at the Moscow School of Management Skolkovo, the delegates of the discussion meeting will discuss the strategic plan for 2015-2017.
The round table will be headed by Olga Suvorova, general director of one of the largest online jewelery stores "Sky in Diamonds". For six years, she managed to take the leading position in Russia in this segment, successfully competing with large players - retail chains.
Jewelry is one of the most dynamically growing segments on the Internet, but most importantly, they are one of the most marginal product categories.
Online sales of these products are actively increasing both traditional jewelry brands and online players.
Back in 2012, the Russian company "Center for Strategic Research ENTER", analyzing the performance of Western and Russian companies, determined that a dynamically growing and successful business in the field of trade can be built by making a bid on online, perfume or jewelry.
Buyers understand that choosing through the Internet is more convenient, more interesting, more pleasant.
The founders and directors of online stores will discuss many questions regarding the profitable business in RuNet. How to truly invest in processes, reduce costs, build long-term relationships with customers, find non-standard solutions and strong partners.
Does it make sense for a large offline player to make their own platform for the sale of jewelry or better to have a good online partner. Classification of buyers of jewelery in online. Confidence problems among buyers for online shopping. Finally, is it possible to sell expensive jewelry and diamonds through the Internet?
The round table will also provide an exhibition of innovative solutions for Internet trading.

As part of the recently completed sale of the "Magnificent Jewels" auction house Christie's was set a new world record for the prices sold in the same auction jewelry - $ 150.2 million, and the main auction lot - 392.52 carat sapphire - he
was the champion.
"Blue Beauty of Asia" set a new world record for sapphire price, when it was sold for $ 17.5 million, or $ 44,063 per carat, which allowed the current Christie's jewelry auction to become the largest in the history of trading. Estimeyt "beauty" was $ 7-10 million.
The main auction lots were also: Earrings with a fantastically bright blue diamond of 6.95 carats and a fantastically bright pink diamond of 6.79 carats, purchased by Laurence Graff from Graff Diamonds for $ 15.6 million; a fantasy pink round cut diamond with a purity of VS2, sold for $ 6.1 million; Burmese oval ruby weighing 23.66 carats, rimmed in a ring from Cartier, bought for $ 6 million
Close the list of ten major auction lots following items: a diamond necklace with natural pearls in the Art Deco style, another necklace with five yellow cut diamonds "kushon ", a gold bracelet with diamonds and green garnets called" Parrot Tulip "from JAR, and a pair of pendants made from natural pearls with diamonds.
In total, 89 percent of the lots were sold. The total revenue was 94% of the potential value of all goods exhibited.
Such auctions as Magnificent Jewels, Patek Philippe 175 and Important Watches allowed Christie's to finish the autumn sales week of 2014 with a combined total of $ 185 million, the highest since the first Christie's auction in Geneva in 1969, according to a press release from the auction house

This year, the Israeli diamond-processing industry will be presented for the first time in a separate pavilion at the International Diamond Cutter Exhibition in Hong Kong, which will be held from November 27 to 30 at the Hong Kong Convention and Exhibition Center. This is reported by Rapaport.
In the pavilion organized by the Israel Diamond Institute (IDI), the products of 26 companies will be presented, of which 17 will participate for the first time. Hong Kong is the second largest diamond market in Israel and accounts for about 30% of the export of such products. Net exports of polished diamonds from Israel to Hong Kong in 2013 amounted to about $ 1.7 billion.
The Israeli diamond industry has for many years opened the doors of its pavilions at various major exhibitions in Hong Kong, for example, in March, June and September. These exhibitions often aroused the interest of diamond cutters from Israel, and the number of participants grew year by year. At the upcoming November exhibition IDI will launch a special computer database called "Find your diamond", which allows buyers to pick diamonds from Israeli manufacturers for their requests.
IDI Chairman Moti Ganz said that he is pleased to provide Israeli diamond processing companies with the opportunity to exhibit their products in Hong Kong. "Our constant participation in the Hong Kong exhibitions was very productive, and at these exhibitions we were able to find buyers not only from Hong Kong, but also from the rest of Asia and even Australia." In these markets, showing steady growth, we were able to assess the quality of diamonds from Israeli diamantaires. I am sure that the November exhibition will become an important link in the chain of our exhibitions around the world, "Gantz assured.
Managing Director IDI Eli Avidar (Eli Avidar) expressed optimism about the forthcoming exhibition. "Based on our past experience of participating in Hong Kong exhibitions, I can confidently state that the November exhibition will be a great help for exporters of our diamonds." Some of our diamantaires have been successfully exhibited here for several years. "We have included 17 more Israeli companies in the list of exhibitors and we believe that a separate pavilion for Israel will allow better demonstration of each of its participants, "he concluded.

Rio Tinto selling diamond jewelry in India, has launched seven new collections - Love, Infinity, Heritage, Spirituality, Contemporary, Plant motifs Floral) and Men's Luxury to celebrate this year's Indian wedding season.
Rio Tinto specially organized a special wedding procession known in India as "baraat", in order to bring these collections to the Reliance Jewels showroom in Lucknow, the capital of Uttar Pradesh. Took it by Yami Gautam (Yami Gautam), the Bollywood star and the face of the Nazraana brand.
Vikram Merchant, managing director of the Indian representative office of Rio Tinto and responsible for the development of the Nazraana ™ brand, said: "Indian weddings are not just an alliance of the bride and groom, it is also the reunion of two large families that can originate from different regions of the country The beautiful new collections of Nazraana ™ will be an excellent reminder of this wonderful event for the relatives and friends of the newlyweds. "
Nazraana offers affordable jewelry prices for many Indian festivities, because the company's slogan sounds like "A diamond donated from the heart, makes the heart shine."

Leading American online store of diamonds and jewelry Blue Nile reported on financial performance in the third quarter ended Sept. 28.
Net sales of the company increased by 6.9% and reached almost $ 106 million.
International sales climbed 25.6% (to $ 21.5 million from $ 17.1 million in the third quarter of 2013) thanks largely to China.
In the US market in the third quarter, Blue Nile showed stable results: sales in the wedding segment of the jewelry market increased by 5% - to $ 60.8 million against $ 57.9 million in the same period a year earlier. However, trade outside the segment of engagement rings fell by 1.7% to $ 23.5 million. Last year, this figure was $ 23.9 million.
According to the forecast, net annual sales of Blue Nile in the financial year 2014 will amount to $ 475 million to $ 490 million.
Also Blue Nile reported that the amount of the largest purchase by one customer was $ 1.8 million. At the same time, the largest transaction made through a mobile device amounted to $ 187 thousand According to the CEO of Blue Nile, Harvey Kanter (Harvey Kanter), more than half of the company's revenue was obtained from sales through mobile devices.

Anglo American Corporation provided an opportunity to get more acquainted with the diamond business of De Beers during the analytical and investment seminar held in London last Monday. The presentation was conducted by a joint management team led by Mark Cutifani, executive director of Anglo American and chairman of De Beers, who drew a broad picture of De Beers' activities and the diamond business as a whole, thereby contributing to greater transparency in this area.
Mark Cuthifani, CEO of Anglo American, said: "De Beers is an inspiring business, not only because of its unique position in the market and in the industry, but also because of the special nature of its products. Anglo American aims to be a diversified mining company, and De Beers plays an important role in our diversification, mitigating the risks associated with the long production cycles of other companies, as it is a world-class business with very attractive supply and demand dynamics. " Cutifani also emphasized that at present De Beers has made significant progress in terms of production and sales.
Philippe Mellier, CEO of De Beers, added: "The diamond industry receives almost all of its revenue from consumer demand for diamond jewelry, and this demand continues to grow worldwide. Combined with economically competitive assets, the long life of mines and the strength of our partnerships with host governments, this creates an attractive offer and provides us with a good position for growth. "
Mellier said that, in his opinion, the diamond industry is based on attractive fundamental factors of supply and demand, as evidenced by the recently demonstrated strong production performance of De Beers, which provided cash flows of US $ 1 billion over the past 18 months.
According to Bruce Cleaver, De Beers' executive director for strategy, "unlike the demand for precious metals, the only important driver of the value of diamonds is the final consumer demand for jewelry." He noted that the total consumer demand for polished diamonds in 2013 reached $ 25 billion, of which 40% to the United States, 16% to China and 8% to India.
According to the presentation, in 2013 the share of De Beers in value in the global diamond production was 33%, while the share of ALROSA reached 26% of the total world production, estimated at about $ 18 billion. Cleaver believes that the supply of rough diamonds will begin to decline by 2020, and the demand for diamonds will continue to grow.

The auction house Christie's November 11 will be on sale for more than 390 jewelry with a total estimate of more than $ 80 million, reports Rapaport.
As noted by JCK Magazine, the main lots of the Magnificent Jewels in Geneva will be Ceylon sapphire of 392.53 carats and earrings with pear-shaped diamonds from Bulgari.
Earrings from Bulgari with a fantastically bright blue diamond of 6.95 carats and a fantastically bright pink diamond of 6.79 carats are estimated at $ 12-15 million. The
Ceylon sapphire, called Blue Belle of Asia ("Blue Beauty of Asia"), is one of the largest in the world and, according to experts, will go under the hammer for $ 7-10 million.
Also for sale will be a ring with a Burmese ruby ​​weighing 23.66 carats ($ 5.5-7 million) and a necklace of pink diamonds ($ 3, 5-5.6 million).

On the eve of the construction of the second phase of the Panama Gem & Jewelry Center in 2015, the project director and leading architects visited the world's largest diamond complex - the Israeli Diamond Exchange - and studied security, logistics and similar to systems that are currently being developed for the center in the capital of Panama.
"Our main goal was to understand and evaluate the operational and functional aspects of the world's largest and most complex diamond trade complex," said Juan Manuel Henriquez, lead developer of the Panamanian center.
"We were given access to storage facilities, transport facilities, security facilities, trading halls and other premises.We examined various intellectual systems that were specially designed and implemented for the business of gemstones.Many of what we learned in Israel , will be used to create our center in Panama, "Henriquez said.
During the visit, the Panamanian delegation met with the leaders and managers of the Israeli Diamond Exchange, as well as representatives of companies providing services in the areas of security, logistics, insurance, banking services, as well as with employees of leading diamond companies.
Construction of the second phase of the Panamanian center will begin in 2015, and its completion is scheduled for the end of 2017. The first phase of the project will be ready at the end of this year. Its offices will be occupied by more than 60 companies from Latin America and other countries.
Supervised by the Panama Diamond Exchange (PDE), the project to establish the Panamanian Center for Precious Stones and Jewelry worth $ 200 million is the largest and most ambitious initiative ever undertaken in the interests of Latin American jewelry trade. The center will serve as a trading platform for local and international companies on the market, which today is estimated at $ 8 billion and has 11,500 retail outlets in 20 countries and 23 islands.

The decline in diamond prices in October continued against the backdrop of attempts by suppliers to increase turnover and increase liquidity.
Trade slowed due to Jewish holidays and the subsequent holiday season in India, as well as due to low demand in world markets. Buyers try not to make large-scale purchases, expecting the continuation of the recession in the market and further price reductions, the Rapaport press release said.
The diamond index RapNet (RAPI ™), calculated for certified in the laboratory diamonds weighing one carat, decreased by 2.2% in October. RAPI for diamonds weighing 0.3 carats dropped by 3.7%, while RAPI for diamonds weighing 0.5 carats decreased by 2.1 percent. RAPI for diamonds weighing 3 carats for the reporting month decreased by 1.5 percent.
According to the monthly Rapaport report for November, entitled "Weak Markets", the liquidity of both producers and buyers was affected by weak demand for processed stones, reduced lending by banks, and an increase in supply volumes. The reserves of diamonds grew due to the slowdown in trade in the third quarter, as well as the acceleration of turnover in the laboratories. In addition, manufacturers increased output in anticipation of the Indian holiday lights Diwali.
The volume of trade in rough diamonds in October slowed against the background of sufficient reserves accumulated by manufacturers for the holiday season of the fourth quarter. Prices for rough diamonds in the secondary market fell, volumes of trade by the end of the year are also expected to be under pressure.
De Beers' prices as a whole remained stable, however, weak demand for rough stones in the coming months will lead to a further decline in the cost of raw materials in the market. Producers hope that during the festive season, prices for diamonds will strengthen, and this will increase profitability and liquidity.
Demand for diamonds during the "Golden Week" in China and Diwali's holiday season in India was "cautious", in the USA - stable. Therefore, the forecasts for the holiday season turned out to be mixed against the backdrop of a shift in trade from the Far East to the United States. The volume of retail sales in the US in October was small, despite the growth of the consumer confidence index. Sales of jewelry are expected to grow slightly compared to the Christmas season of 2013.
It is not yet clear whether the average for the industry sales growth during the holiday season will remove concerns of producers and dealers regarding liquidity in early 2015.

The Grand Prix D'Horlogerie de Geneve (GPHG) Grand Prix d'Horlogerie de Geneve awards ceremony took place for the 14th time in Switzerland's second largest city.
The event, during which the works of watchmaking were noted, representing examples of perfection, innovation and realization of the richest experience in this field, was held in the building of the Grand Theater of Geneva.
The ceremony was attended by about 1,5 thousand guests, among whom were influential figures not only in the watch industry, but also representatives of the financial and political elite. Participation in the event was a record number of representatives of leading watch companies and independent producers.
The international jury awarded 16 prizes to the watchmakers, including the main prize - the Golden Hour Arrow, which Breguet received for the Classic Chronométrie. The award was presented by a member of the Federal Council and the head of the Ministry of Trade of Switzerland, Johann Schneider-Ammann, who highly appreciated the viability of the national watch industry.
In the "Women's Watches" nomination the Blancpain brand won with the Women Off-centered Hour, the best men's watches were Central Second by Urban Jürgensen & Sonner.
The best "jeweler watches" were the Diva High Jewelery Emeralds from Bulgari, the Classic Fusion Cathedral Tourbillon Minute Repeater from Hublot received the prize in the nomination "Spectacular clock". The award for artistic execution went to Voutilainen for the Hisui model, and the most "innovative" were the EMC watches produced by Urwerk.
In the nomination "Women's high-tech mechanical watches" Christophe Claret brand won with the Margot model, in which the owner is given the opportunity to "betray" on the daisy-petals of the daisies decorating the dial.
The automatic mechanism of the Margot is equipped with an innovative sophisticated device that allows the owner of the watch to literally "tear off" the petals from the daisy in the center of the dial. Each time the button is pressed on the body next to the "2 hours" mark, crystal clear sound is heard, and the petal, and sometimes the pair of petals that can not be predicted, simply disappears from the dial.
The answer to the question "likes or dislikes" appears in the form of an inscription in French in the window of the indicator "Forces of Senses" near the mark "4 hours": "un peu" (little), "beaucoup" (very), "passionnément" (passionately) , "à la folie" (madly) and "pas du tout" (does not like at all).

President of the World Jewelery Confederation (CIBJO) Gaetano Cavalieri (Gaetano Cavalieri) was awarded the title of Honorary Member of the Gemmological Association of Great Britain (Gem-A) in recognition of his outstanding contribution to gemology.
Cavalieri presented the diploma of conferring the honorary title at the solemn ceremony in the building of the Goldsmith Hall of Goldsmith Hall in Londons Hall Goldsmith Gem-A president Harry Levy (Harry Levy).
"Over the past 10 years, Gaetano has played a significant role in shaping the industry," said James Riley, General Manager of Gem-A, who said that Cavalieri contributed to the recognition by the United Nations of CIBJO and related bodies and achieved that "the voice of the jewelry industry was represented on the world stage."
"Gem-A is pleased to award Gaetano the title of honorary member in the light of the efforts he has made on behalf of the association and on a broader sectoral basis." The work he has done on ethics and social responsibility has no analogues, and we are confident that the continuation of this work will only strengthen the industry and leave a legacy that we can all be proud of, "Riley said.
The tasks of Gem-A are the development of science and practice of gemology, as well as the training of future gemologists. The Association is the world's oldest educational institution for the precious stones and jewelry industry, whose first diploma was issued in the UK in 1908.
Today Gem-A organizes courses on gemology and classification of diamonds in 25 countries around the world, and also publishes Gems & Jewelery and The Journal of Gemmology.

The task of the World Diamond Council (WDC) is undoubtedly to support and improve the performance and effectiveness of the Kimberley Process Certification Scheme (KPCS), said President of the Council Edward Asscher (Edward Asscher) speaking at the plenary session of the KP in Guangzhou.
However, in his speech he did not mention the recent scandal with the boycott, caused by suspicions that the Council wants to expand the scope of activities.
"The WDC will continue to work, focusing on the proper application of its standards throughout the world." All participants should use the same methods and established practices and should have access to the same databases, "Asher said, the full text of the speech which WDC sent to Rough & Polished by e-mail.
"Another aspect of the Council's mission is to help the KP also address industry issues related to business practices and pose a potential threat to meeting the requirements of the KPCS," said WDC President.
Asher also spoke about the prospects for cooperation with other organizations working in the diamond-processing industry.
"The Kimberley Process Civil Society Coalition and the WDC set the same goals, although we must admit that we do not always come to a common understanding of the best way to achieve the goals and priorities of problems that need to be discussed in the framework of ensuring effectiveness of KP, "Asher noted.
He added that this week it will be proposed to expand the powers of the Administrative Support Mechanism (ASM). Development of training programs for new participants and officials will begin.
As expected, Asher raised the problem of spreading the disease caused by the Ebola virus.
"We always remember countries and people suffering from Ebola, which is a huge problem for Africa and I am glad that so many countries are contributing to the fight against the disease," he said.

World diamond giant De Beers raised about $ 550 million during the November site.
Rapaport reports with reference to unnamed sightholders that, despite a number of changes in the price and range, some categories of stones have proved unprofitable for cutting.
"The mood on the site was not positive, because the prices for diamonds did not stabilize, and the event itself took place shortly after the Diwali holiday, when the border enterprises just started to resume work," the Indian sightholder said.
This year the Diwali holiday was on October 23rd.
According to Rapaport, some sightholders were dissatisfied with the fact that De Beers, despite the continuing decline in prices for diamonds, as a whole did not reduce prices for the products presented on the site.
According to sightholders and brokers, on the site, as in October, there were cases of refusal of purchase. During the event, the goods that were not planned for sale were also sold.
In turn, the director of communications De Beers with diamond-processing companies David Johnson (David Johnson) said that the November site in terms of prices and assortments was similar to October.
"The third quarter and the beginning of the fourth can be somewhat difficult for the industry due to the historically slowed down business cycle period caused by the decline in sales for the holidays," he explained. "In addition, for this period there are a number of religious holidays that slow the industry ".
According to Johnson, De Beers did not significantly adjust prices for rough stones, as the company believes that the season of Christmas sales in the fourth quarter in terms of sales in the consumer market will be successful.

Rapaport Rapaport Chairman Martin Rapaport called on the jewelry industry to stop those who sell diamonds with high quality characteristics to consumers and thus deceive buyers.
Rapaport writes in his complex article entitled "Honest Grading" that over 100 thousand stones were valued at a total cost of $ 1 billion.
The main source of overestimated diamonds in an article sent to over 77,000 participants in the diamond industry, called the international gemmological laboratory EGL, using the terminology of the Gemological Institute of America (GIA), but applying other standards that lead to overstating the characteristics of diamonds.
The head of the Rapaport group pointed out that the statement of this laboratory about the absence of a single international classification of diamonds is false and urged suppliers to return money to customers if a re-evaluation of diamonds by the Gemological Institute of America reveals lower color and purity characteristics than those stated in the sale.
"The overvaluation of diamonds is a legal and ethical issue that casts doubt on the legitimacy of the diamond and jewelry industry, consumers should be warned about dubious evaluation certificates of diamonds sold by them, and suppliers should be responsible for the quality of diamonds they sell," Martin Rapaport said.
"The diamond industry should prioritize the protection of consumers above the receipt of profits," he stressed.

During the plenary session of the Kimberley Process Certification Scheme, the official opening of the Guangzhou Diamond Exchange took place, the China Daily reported.
"Guangzhou City in Guangdong Province is one of the largest diamond processing bases in China and a regional diamond trade center.In the city's districts like Conghua and Panyu, significant diamond processing facilities are concentrated," said Guangzhou Mayor Chen Jianhua, .
Zhao Yufang, deputy governor of Guangdong Province, claims that the production of diamonds in the province is about 70 percent of the total volume of stone processing in the country.
According to China's official statistics, last year the volume of imports and exports of diamonds through mainland China and Hong Kong reached 53 million carats or $ 5.29 billion, second only to the European Union, India and the United Arab Emirates.
The plenary session of the Kimberley Process takes place in Guangzhou from 10 to 14 November. This year, China is chairing this organization.

Israeli and American diamantaires taking part in the third Israeli Diamond Week in New York noted good attendance and success of the event.
According to David Lasher, managing director of the Diamond Dealers Club of the Diamond Dealers Club (DDC), more than 700 buyers from New York and other cities of the country visited the exhibition, including Chicago, Los Angeles and Miami .
Most of the visitors came to the diamond week on the opening day - Monday.
IDF President Shmuel Schnitzer and DDC Chairman Reuven Kaufman said they were pleased with the results of the first three days of the diamond week.
"I am told that the exhibition this year is even better than the previous two." We have good attendance, which is a very encouraging sign at the present time, "Kaufmann said.
In the third Israeli Diamond Week, more than 100 IDE members and 70 DDC members took part in New York.
The next international diamond week will be held in Israel in February 2015; The members of the Antwerp Diamond Bourse will also join it.

India again took the place of the world's largest consumer of gold, having bought 225.1 tons of gold jewelry, coins and ingots last year, compared to 182.7 tons in China. In India, which ceded its position as the leading buyer of gold to China in 2011, in the third quarter there was a surge in demand for jewelry by 60%, according to the World Gold Council (WGC).
"Our forecast for the year for India and China remains the same, we expect that the demand in both countries will be 850-950 tons, and that and the other countries remain very positive pillars of the demand for gold," said Alistair Hewitt, , head of the market analysis department of the World Gold Council.
World demand for gold has grown rapidly as a result of the financial crisis of 2008. It reached its peak in 2011, amounting to 4,702 tons, but decreased to 4 080 tons by 2013. This year, the World Gold Council expects that the demand for this precious metal will stabilize. "We expect that the demand for gold will largely remain at the level of the previous year and amount to 4,000-4,100 tons," Hewitt said.
The global demand for gold jewelry, being the largest consumer segment, fell by 4 percent, to 534 tons. Among the sources of supply, mining increased by 1 percent, to 812 tons, while scrap shipments fell 25 percent to 250.5 tons. In 2014, the lowest level of gold processing was registered since 2007, according to the World Gold Council.

Solitaire Gemmological Laboratories (SGL), headquartered in London, and laboratories in Dubai and nine different cities in India, signed a memorandum of intent with the Nepal Gem & Jewelery Association (NEGJA), which provides for the opening of a new laboratory in Kathmandu.
This international laboratory will be the first in the market of Nepal, as well as the first to conclude a strategic partnership with NEGJA. This association is the largest seller of jewelry products in Nepal and is managed by the Ministry of Trade and Industry of the country.
The memorandum was signed by Manish Lal Pradhan, president of NEGJA, and Chirag Soni, director of SGL. The solemn ceremony was attended by Dr. Minendra Rijal, Minister of Information and Communications of Nepal, and other high-ranking officials of the Nepalese jewelry industry.
"We welcome the intention of SGL to develop a system of certification and standardization of the huge amount of precious stones that is available to Nepal, as well as create criteria for assessing Nepalese jewelry products for the international market, making these processes transparent for both local and international consumers," Pradhan said.
In the past few years, the consumption of gold and diamonds in Nepal has steadily increased, and this has attracted several large jewelry companies to the country's market. Also NEGJA held the first in the country exhibition-display of jewelry, in which the public demonstrated several of the most beautiful jewelry works.
"SGL welcomes this step and we are pleased to begin working with NEGJA in this area.Nepal has mines where many varieties of precious stones are mined, many of which are inherent only in this area, so creating a system for describing such stones will bring transparency to the process of their implementation Diamond jewelery is also becoming an important part of this system, and we expect a big increase in this area in the coming years, "said Sony.

The World Diamond Mark Foundation (WDMF), in close cooperation with the Indian Council for the Promotion of Gem and Jewelry Export (GJEPC), with the support of the Ministry of Trade and Industry of India, is organizing an international World Diamond Conference (World Diamond Conference), dedicated to the future of diamonds and diamond jewelry in the global luxury market.
The conference will be held in New Delhi on December 11-12.
The event, which will be attended by representatives of the world's leading mining countries, major diamond, diamond and diamond jewelry manufacturers, retailers and other industry representatives, will seek ways to solve one of the most pressing issues facing the international diamond industry. This is a problem of the revival of consumer interest in diamonds and a corresponding increase in the share of diamond jewelry in the luxury goods sector.
The World Diamond Brand Foundation and its supporters believe that addressing this issue will help determine ways to increase consumer demand for diamonds and diamond jewelry.
"The global diamond industry is going through hard times," says Alexei Popov, head of WDMF, "We need to urgently increase consumer demand for manufactured goods, which is why we need to discuss global marketing issues in detail." The World Diamond Conference is an attempt to consolidate the industry and jointly determine the direction for further development " .
"The time and place of the conference once again proves the importance of India's changing role in the global jewelery and jewelry industry," Vipul Shah, chairman of GJEPC, said.
"India is not only a global diamond producer, but also a huge center for jewelry production, as well as a large expanding consumer market.In addition, in the context of the rapid development of the national economy in India, the share of the middle class, which develops a taste for luxury, a fertile ground for the future implementation of marketing and promotion programs developed by WDMF.We have huge expectations from the upcoming event! " continued Shah.
"The time and place of the conference are very important, since they coincided with a very important state visit of Russian President Vladimir Putin to India and his meeting with Indian Prime Minister Narendra Modi," Popov said.
"It is obvious that the sphere of common interests of both countries includes the diamond industry and trade, and this allows us to expect further closer cooperation in this area, and therefore we hope that the main players and participants in the Russian diamond industry, such as ALROSA, Gokhran, Smolensk PO" Crystal, Grib Diamonds NV and others, as well as representatives of the Ministry of Finance, the Government of the Republic of Sakha (Yakutia), etc., will be present during the visit of the Russian President and take advantage of the unique opportunity to participate in our two-day "said Popov, who is also the president of the Moscow Diamond Exchange.

The Diamond Dealers Club of New York (DDC) and the Israel Diamond Exchange (IDE) are completing preparations for the Israeli Diamond Week in New York, which will be held in the Club's trading floor from 10 to 13 November.
"A diamond week can be considered as the last opportunity for diamond buyers to participate in well-organized and highly concentrated diamond auctions before the start of the holiday season," said IDE President Shmuel Schnitzer.
He stressed that after the Thanksgiving Day, buyers of diamonds and jewelers will not have other opportunities to fill their diamond stocks in such a special format.
At the event, buyers will personally meet with hundreds of diamond suppliers, 100 of whom will come from Israel.
All Israeli diamantaires are members of the Israeli Diamond Exchange. They will present a wide range of diamonds, including fantasy shapes and colors, as well as large stones in such quantity and with characteristics that are not often found in the DDC's trading floor.
The Israeli Diamond Week in New York is a diamond sales event that is held twice a year by the Israeli Diamond Exchange and DDC.

The annual general meeting of members of the World Diamond Council (WDC) will be held in Antwerp from 28 to 30 October. This is stated in a message to WDC, sent to Rough & Polished by e-mail.
Philippe Mellier, Director General of De Beers, will address a meeting on October 29 dedicated to the problems of the Kimberley Process (KP), founded 14 years ago, and the role of the Council in solving these problems.
The participants of the special session of the Council on October 29 will consider a wide range of ethical, legal and financial issues facing the KP, including the risks of diamond trade mentioned in the report of the Financial Action Task Force (FATF) published earlier this year .
Participants in the meeting will discuss strategies that, in this regard, can be used by both WDC and the industry as a whole.
On the eve of the meeting, relevant polls were conducted among its participants, the results of which will be analyzed and discussed during the meeting.
The meeting will be held at the Antwerp World Diamond Center (AWDC).

The volume of diamond exports from India in September amounted to $ 2.7 billion (3.6 million carats), which is 11.2% more than the same figure a year earlier - $ 2.4 billion (3.3 million carats), preliminary data from the Indian Council on promotion of the export of precious stones and jewelry (Gem & JeweleryExportPromotionCouncil, GJEPC).
Between April and September, polished exports fell 2.8% to $ 12.1 billion (18.2 million carats), compared to $ 12.4 billion (19.2 million carats) in the same period a year earlier.
The export of rough diamonds in September compared with last year increased by 22.2% - from $ 123.6 million (2.6 million carats) to $ 151.1 million (3.5 million carats).
In April-September, diamond exports fell by 5.3% year-on-year, from $ 810 million to $ 767 million.
Import of rough diamonds for the period from April to September increased to $ 9.4 billion (74.5 million carats), compared to $ 8.6 billion (8.1 million carats) in the same period a year earlier, that is, by 9.3%. At the same time, in terms of weight, imports decreased by 9%.
Import of diamonds for September rose to $ 1.5 billion (13 million carats). In September last year, this figure was $ 1.3 billion (12 billion carats). Thus, this indicator increased by 15.6%.
Imports of polished diamonds for April-September increased by 10% ($ 3.8 billion this year against $ 3.4 billion in the past). For September, polished diamonds worth $ 1 billion were imported, while last year in September India imported $ 606 million, that is, less by 80%.

The Executive Committee of the World Federation of Diamond Bourses (WFDB), which concluded the three-day meeting in Antwerp, discussed the tasks of the federation in the context of the growing global trade in diamonds.
Within the framework of the meeting, meetings were held with representatives of banking structures and diamond mining companies, which members of the WFDB executive committee assured of their commitment to maintaining the highest ethical standards and professional competencies in the field of trade.
Summing up the session, WFDB President Ernie Blom stressed that "the World Federation of Diamond Bourses immediately agreed to expand and deepen the ongoing dialogue and cooperation with all key stakeholders in the international diamond trade."
According to Bloom, WFDB "is firmly convinced of the profitability of the expanding global diamond business, which will continue to occupy its niche in the luxury segment, and diamonds as a base product will delight, dazzle and bring pleasure to millions of consumers around the world."
WFDB members are 30 international diamond exchanges, which account for 95% of the world diamond trade. Being a transparent and accountable organization, WFDB protects and promotes the interests of diamond industry entities.

In September, the prices for diamonds fell, as manufacturers were under increased pressure due to a sharp shortage of cash, as well as due to accumulated large inventory, reports Rapaport in a press release published on Tuesday. From the US and China, there is a steady demand for diamonds, but those who buy them for production, face price-sensitive consumers, and in this regard require large discounts. The market of buyers prevails on the eve of the holiday shopping season against the backdrop of the continuing softening of prices.
The diamond index RapNet (RAPI ™), calculated for certified in the laboratory diamonds weighing one carat in September fell by one percent. RAPI for diamonds weighing 0.3 carats dropped by 1.5 percent, while RAPI for diamonds weighing 0.5 carats decreased by 0.1 percent. RAPI for diamonds weighing 3 carats in September decreased by 0.7 percent.
During the third quarter, the RAPI index decreased for diamonds of all sizes, including for stones from 0.3 carats to 0.49 carats, which in the past two years were in a strong position. Buyers switched to products of lower quality and larger diamonds in the weight range indicated in points (0.01 carats).

According to the Rapaport monthly report for October 2014 "Buyer's Market", the prices for diamonds were influenced both by demand and by supply.
There was a noticeable growth in the supply of products on the market, primarily due to the fact that the Gemological Institute of America (GIA) continues to complete the work that has not been completed and is releasing more and more goods by the beginning of the holiday season. RapNet, Rapaport's diamond trading network, in September noted an 11 percent increase in the volume of diamonds registered on its trading floor.
At the Hong Kong jewelry and precious stones fair in September, there were many visitors, but buyers were looking for specific products to fulfill their orders, and avoided large purchases to replenish inventory. Suppliers, who reduced their prices, achieved good sales. The exhibition signaled that there is a good demand for stones weighing 0.5-0.9 carats certified by the GIA, but their profitability is low, while demand for stones weighing from 0.3 carats to 0.49 carats has decreased. Large diamonds from the expensive segment were sold poorly, and there was a general shift from stones with the characteristics of DF, IF-VVS towards stones of the worst color and purity of all sizes.
The rough diamond trade slowed in September after its active purchases in July and August. Manufacturers of diamonds increased output to prepare inventory for the Diwali season, which begins on October 23. In the secondary market, raw materials were sold at discounts from De Beers prices on the eve of the October site, which runs from 6 to 10 October. As expected, the October site will be relatively small, as De Beers, apparently, will maintain relatively stable prices before the end of the year, as prices in the secondary market are softening.
Suppliers of diamonds hope that the holiday season in the fourth quarter will improve the trade in diamonds and help alleviate concerns about liquidity. Nevertheless, at the moment there are no signs of a turnaround in the trading environment. Buyers feel that suppliers are under pressure, seeking to improve their financial flows, and, accordingly, require them to large discounts. After a weak third quarter, trade enters the season of holiday shopping in an environment that definitely plays into the hands of buyers.

The fourth jewelery exhibition Yerevan Show 2014, organized by the Armenian Jewelers Association (AJA), will be held October 25-28 in Yerevan on the territory of the AJA Free Economic Zone in the Meridian expo center.
Deputy Minister of Economy of Armenia Tigran Harutyunyan earlier reported that AJA invested more than $ 10 million in the exhibition. The
deputy minister noted that the exhibition will be a good opportunity for Armenian jewelers to present its products to foreign buyers.
According to AJA deputy chairman Birch Abadzhyan, the aim of this exhibition is to form Armenia as one of the world's jewelry centers. The Association of Armenian jewelers unites about 5 thousand Armenian jewelers all over the world.
About 150 representatives of the industry from 27 countries, including Armenia, Russia, the USA, Canada, France, Italy, Belgium, Switzerland, the Czech Republic, Turkey, the United Arab Emirates, the United Kingdom, Lebanon, Kuwait, India, Jordan, Argentina, Japan, Belarus, Australia, Estonia and a number of other states.
The exhibition is organized by AJA with the assistance of the Armenian Industry Development Fund and the Ministry of Economy of the country.
Director of the Armenian Industrial Development Fund Hayk Mirzoyan said that the Foundation, with the aim of encouraging the participation of Armenian jewelers in the exhibition, is ready to assist local producers and pay 50% of expenses for participation in the Yerevan Show 2014.

The World Diamond Mark Foundation (WDMF) and the Turkish Jewelery Exporters' Association (JTR) signed a memorandum of understanding during a press conference on enhancing the level of cooperation between organizations.
The signing was also attended by a number of representatives of the Turkish side, in particular, the Istanbul Stock Exchange (Borsa Istanbul) and the HRD Antwerp Turkey (the Antwerp World Diamond Center).
Cooperation with JTR is aimed at the implementation of WDMF programs in Turkey.
"In practical terms, this means that the first WDMF pilot program for accredited retailers, also called" Authorized Diamond Dealers "(ADDs), will begin to be implemented in Turkey, which is one of the fastest and fastest growing consumer goods markets in the class luxury ", - explained the president of WDMF Alex Popov.
"Turkey has made huge steps in the jewelry sector in recent years, and its exports to many countries of the world are growing rapidly." Our own market is also developing rapidly, which is helped by the influx of tourists who buy jewelry. "At the same time, we feel that there are great opportunities not only to improve our marketing, but also to expand our opportunities for professional training, branding and promotion of products.In particular, cooperation with HRD Antwerp is a good example of the forces that we are undertaking to improve the quality of diamonds and the retail of diamond jewelry, "said JTR Chairman Ayhan Güner.
During the press conference, the partners also presented the first issue of the joint international magazine dedicated to the diamond and jewelry industry, World Diamond Magazine.

According to a study of consumer spending during the holidays held by Prosper Insights & Analytics agency in October for the National Retail Federation, almost 25% of Americans would like to have jewelery for Christmas, Hanukkah, Kwanza or New Year. Compared to the previous year, this indicator grew by 1.5% from 23.3%.
According to the study, the average amount that an ordinary American agrees to spend on gifts has grown by almost 5% and reached $ 804.
"Retailers have a reason for optimism in this festive season, one of the most important proof of this is the confidence of consumers in spending on gifts to their loved ones," said Matthew Shay, President and CEO of NRF, "but the economical behavior of Americans will be noticeable in these holidays, as they continue to rely on discounts and sales. "
One of the main trends noted in the study, the migration of purchases on the Internet. More than half (56%) of all respondents are going to make purchases online - this is the highest figure for the 13-year history of this survey. The average buyer will buy almost 44.4% of all gifts for the holiday via the Internet, also the highest since the moment when this question was asked for consumers for the first time in 2006, stresses the NRF study.
The federation forecasts a growth of holiday sales by 4.1% this year.

Belgian Antwerp and Chinese Shanghai celebrated the 30th anniversary of the establishment of sister-city ties with a spectacular show in Shanghai fashion apparel with diamond accessories. An exclusive evening was organized by the Antwerp World Diamond Center (AWDC).
Antwerp fashion designers Ann Demeulemeester, Haider Ackermann and Jean-Paul Lespagnard demonstrated a number of unique ornaments that they carefully selected from their collection specifically for the "Diamond Night" in Shanghai. Jewelry with diamonds from Antwerp, which provided the diamond company Casa Gi, added shine to the fashionable clothes shown on the podium. The sponsor of the event was Silk Road Diamonds.
"China is the fastest growing diamond market," Margoux Donckieg, spokeswoman for AWDC, said in this regard.
In 2013, Antwerp exported 1.8 million carats of diamonds worth $ 3.7 billion to China and Hong Kong. This success can be explained by the fact that Chinese newlyweds associate the diamond ring with well-being in marriage. The growing popularity of diamonds is also due to the growth of the Chinese jewelery market as a whole.
Today it is estimated at $ 75 billion, and by 2015 it will reach, according to experts, more than $ 100 billion and will be equal to the level of the US by 2020.
During their stay in Shanghai, AWDC representatives signed a number of memorandums of understanding with the Shanghai Diamond Exchange aimed at intensifying cooperation between the two shopping centers in the coming years.

The research company Euromonitor International has published a report on the global luxury market. According to experts' forecasts, the luxury goods market will reach $ 405 billion by 2019, that is, 20% higher than the current figure of $ 339 billion.
The report notes that the US remains the largest luxury market, currently it is estimated at $ 78 billion. Over the past five years, the US market has grown by $ 18 billion. The
Japanese market shows signs of the long-awaited recovery.
In this case, it is expected that over the next five years, the Chinese luxury goods market will grow by 52% and most likely will shift Japanese from second place in the world.
However, in the short term, China will experience the fall of the luxury market and will drop to 3-4 place this year. The current growth rate of 4% next year will be 6%.
According to Euromonitor experts, India is the leader in growth of the luxury goods market - over the past five years it has increased by 92%. In particular, the segments of luxury jewelry and watches grew by 25% over the same period.

In September 2014, the Council for Responsible Jewelery Council (RJC) recognized version 2.0 of the Fairmined Standard v.2.0 as part of the Chain-of-Custody Standard (CoC) Standard for Precious Metals , said in a press release of RJC, directed by Rough & Polished.
This decision was the result of a thorough analysis of the compatibility of the CoC Standard and Fairmined Standard standards, which was conducted by the RJC Standards Committee with the participation of stakeholders.
Mutual recognition of the standards makes it possible to consider gold produced by companies operating under the Fairmined standard, as well as Eligible Gold, within the scope of supply chain certified by CoC.
Thus, gold produced by artisanal and small enterprises and purchased under the CoC, can be mixed with other gold that meets the requirements of CoC.
It is noted that the status of a certified by the standard Fairmined metal, can receive products produced in strict accordance with the Fairmined system.
Among the benefits of certification Fairmined for manufacturers, the company refers to access to a new variety of markets, as well as the fact that RJC members are now more motivated to purchase the products of the Fairmined mine.
In turn, RJC members operating within the CoC, such as refiners, can take gold produced at Fairmined's mines and include it in the CoC supply chain along with other gold certified as CoC Gold.
Also, adopting the Fairmined standard, manufacturers support the principles of fair gold mining.
To obtain a Fairmined certification, a company that purchases gold from the Fairmined mine should be registered in the system and meet the required trade standards. Then the company will have the right to label its products as Fairmined and claim that it is certified accordingly.
Otherwise, the company may purchase CoC certified products that contain Fairmined gold, but do not have the right to declare that the product is Fairmined compliant.

Consumption of luxury goods (clothing, accessories, jewelry, watches) in 2014 in Russia will be reduced by 18%, in China - by 2%. This is reported by the Wall Street Journal with reference to a recent study by Bain & Co.
In general, according to Bain & Co, global sales in the luxury sector for the year will show an increase of 2% - to 223 billion euros ($ 282.6 billion). This is significantly below the usual annual growth observed until 2011.
Vedomosti notes that this is the strongest fall, even in comparison with the crisis year 2009, when the indicator fell by 5%. At the beginning of the year, analysts believed that Russians would buy luxury goods only 4-6% less than usual.
"Bain & Company expects that Russian wholesale buyers of luxury goods will reduce their budgets for the spring-summer 2015 season by 30% due to falling sales and the ongoing devaluation of the ruble," the newspaper writes.
The expected decline in 18% of sales in Russia, according to experts from Bain, is due to the difficult situation in Ukraine, and the decline in China - austerity policy conducted by the government and recently tightened even more. In recent years, European producers of goods from the upper price segment have mostly benefited from foreign buyers, while the number of Europeans buying high-priced goods has been declining.
Russian and Chinese tourists were usually leading in terms of the amount spent for the purchase of luxury brand products. However, according to the company Global Blue, which analyzes the spending of foreign tourists, the volume of purchases of foreigners in Europe until September did not show growth year on year.
And in a number of countries, for example, in Great Britain and Germany, this indicator decreased because of a sharp reduction in the number of tourists from Russia. For the first nine months, compared with the same period last year, the Russians spent 23% less money in the kingdom, and in the republic - 11%.
A little better things are in Italy and France. In France, purchases of Russian tourists declined by 6%, which offset the steady increase in purchases made by tourists from mainland China and Hong Kong. In Italy, there was an increase in the number of buyers from China and Korea. More than 70% of all foreign purchases fall to Italy, France, Germany and the United Kingdom, Global Blue reported.
Experts of the company believe that spending of Russians in Europe will continue to decline in the next year. According to the forecast, the drop could reach 5%. At the same time, Chinese citizens can spend 10% more than this year.

As a result of the third quarter of 2014, the index of prices for small diamonds (Rapaport Melee Index, RMI) fell by 6.8% to 129.32 points, Rapaport said in a press release. At the same time, the current value of the index is 2.6% higher than the corresponding figure in September 2013 (125.99 points).
Diamond trade in the third quarter, as expected, slowed, and prices fell against the backdrop of a deterioration in the liquidity situation among producers, caused by a slowdown in sales and a reduction in the volume of bank lending.
The suppliers of diamonds were ready to reduce prices in order to improve the flow of funds and reduce the amount of stocks. Suppliers hope that in the fourth quarter the situation will improve during the holiday season, which will reduce concerns about liquidity problems. However, there are still no indications of a drastic change in the situation in the trading environment. Buyers understand that suppliers are in a difficult situation, in which they need to increase cash inflows, so they are trying to get higher discounts. After a weak third quarter, trade in diamonds enters the holiday season in an environment that clearly encourages buyers.
"Against the backdrop of recent diamond and jewelery exhibitions in Hong Kong, the results of which were above the pessimistic expectations, the market momentum and prices have slightly increased compared to the slow summer, despite the fact that the levels of trade and liquidity are still not high because of the new year, we expect a surge in sales in November, when the wholesale market will reopen after the Jewish and Indian holidays.The demand in the Far East is relatively sluggish, while at the same time it remains stable in the US and we expect good in terms of trade Christmas holiday season, "- said director of international trade transactions Rapaport Group Eyzies Rapaport (Ezi Rapaport).

Trade figures for the diamond sector in Antwerp remained stable in September, the Antwerp World Diamond Center (AWDC) reported.
The volumes of imports and exports of rough diamonds were approximately the same. This is less true of diamonds, but more expensive products were sold more actively compared to the first nine months of last year.
After the traditional slowdown in August, due to the summer vacation period, trade in the diamond industry in Antwerp returned to its normal values. Imports and exports of rough diamonds in physical terms increased by 19.15% and 9.26%, respectively. At the same time, in terms of value terms, growth was 27.81% and 18.19%, respectively.
Compared with September last year, the Antwerp market sold more rough diamonds, while the stones were more valuable.
In addition, when comparing the first three quarters of 2014 with the same period last year, it is obvious that the volume and value of both imports and exports have increased. Considering the import of diamonds in September 2014, we will see that in comparison with September last year there was an increase of 7.62% in volume and 10.38% in value terms. The stones were imported mainly from Hong Kong, India and the UAE.
At the same time, during the first nine months of this year less diamonds were imported than during the same period of 2013. By volume, the decline was 4.56%. In the segment of polished exports there was a similar trend. Compared to the same month of the previous year, a significant increase in both volume and value was noted - by 8.83% and 15.03%, respectively. Diamonds were exported mainly to Hong Kong, the United States and the United Arab Emirates. From January to September this year, less diamonds were exported than in 2013. There was a 2.57% decrease in volume, but an increase in value by 6.29%. This shows that fewer, but more expensive diamonds were sold.
The fact that the trade figures for September this year are more positive than in September last year can be explained by the fact that Jewish holidays this year fell in October, and not in September, as in the past year, which affected the decline in trading activity.

Diamond boots made to order Antwerp World Diamond Center (AWDC) for demonstration at the business week of design in December 2013 in Hong Kong, recorded in the Guinness Book of Records as "the most valuable boots in the world."
When making a pair of 39 size boots, about 4.75 kg of gold and 39,083 fancy diamonds with a total weight of 1,550 carats were used. The creators of the unique pair of shoes are Diarough / UNI-Design, the leading diamond company of Antwerp, and international designer duo of Ana Vandevorst and Filip Arickx - AFVandevorst.
The cost of boots is estimated at $ 3.1 million.

Caratco, a partner of the diamond brand De Beers - the company Forevermark, opened a store in Botswana Jewel Africa.
One of the suppliers of diamonds for Forevermark is located in Botswana, one of the world's richest Zhvaneng mine (Jwaneng), owned by De Beers.
According to the publication Mining Weekly, the store located on the territory of the international airport of Maun, the third largest in Botswana, will be sold only diamonds and tanzanites - both individual stones and jewelry with them.
"Caratco is proud to launch Jewel Africa's store in Botswana, a country of utmost importance to De Beers, Forevermark and the diamond industry in general," said Caratco CEO Tim Watson.
According to him, currently on international markets, there is a "great demand" for diamonds from Forevermark.
Caratco is engaged in the production, as well as wholesale and retail trade in diamonds.
The company's stores in Cape Town and Johannesburg are the flagship fairgrounds of Forevermark.

Gold in India should work for the economy of the country, contributing to the creation of jobs, upgrading the skills of industry workers, increasing the volume of exports and revenues of the state. This is stated in the review of the prospects for the development of the industry Vision 2020, presented by the World Gold Council (WGC).
Currently, the volume of gold reserves, which is in the hands of the population of the country and in the ownership of churches, is about 220 thousand tons.
"As nations, we need to concentrate on measures that will open up the potential of the gold reserves that are now accumulating in households and make them the basis for the country's development." We need to find a way to monetize the gold accumulated in households, "said Managing Director WGC in India to Somasundaram PR. (Somasundaram PR).
The review notes that for the development of the industry it is necessary to transform the problem of gold accumulation in such a way that it strengthens demand for precious metals, contributes to adding value, creating jobs and, on the whole, beneficially affected the organization of the industry, without violating the supply chain and without affecting the deficit of payment balance, informs WGC.
It is assumed that over the next five years, the number of jobs at all stages of the value chain of gold and its products (processing, retail, sampling and recycling) should double and reach 5 million.
"Forty per cent of the country's gold needs must be met from domestic reserves, sixty per cent from imports and production," the forecast says. "Seventy-five per cent of the gold sold should be standardized and pass through the prosecution." The sampling should be mandatory for all products, the cost which are higher than the established retail value. "
WGC believes that in the next five years, India should try to increase gold jewelry exports fivefold, to $ 40 billion from the current $ 8 billion.

Experts who participated in the two-day seminar held by the Indian Bullion and Jewelers Association (IBJA) agreed that a country whose population has gold reserves with a total mass of about 25,000 tons is it requires more refineries to monetize and attract foreign direct investment.
India is the largest consumer of gold and annually imports about 600 - 900 tons of this metal, which accounts for about 25% of its global production. Raw materials for the industry are obtained by melting down old jewelry, supplied by jewelry stores, as well as specialized gold loan companies that sell the pledged property of debtors.
Remelting of gold scrap is carried out by affiliated enterprises of small and medium business, as well as by hundreds of private small-scale industries. The only refinery in the country accredited by the London Bullion Market Association (LBMA) is MMTC-PAMP, a joint venture of the Indian state MMTC and the Swiss PAMP SA.
"The population of India has about 25 thousand tons of gold in its hands, which it is necessary to monetize, even if the task is to monetize 1% of the gold available to the population, its mass will be 250 tons, and MMTC-PAMP alone can not cope with this volume. Therefore, in India, with funds that can be obtained through foreign direct investment, it is necessary to build more refineries of world class, "said Rajesh Khosla, Managing Director of MMTC-PAMP.
According to him, it is also necessary to ensure the access of foreign direct investment to all levels of the jewelry industry, including jewelry retail.

Indian diamantaires offer significant discounts on diamonds weighing more than 0.5 carats and tapeworms for both local and foreign buyers to sell their vast inventory.
Sources familiar with the situation on the market report that diamantaires held the goods in warehouses, waiting for the Diwali holiday season, when the prices for diamonds are growing, and the end of the recently concluded exhibition in Hong Kong. Many companies that participated in the event realized large volumes of products, offering attractive discounts to wholesale customers at wholesale rates ranging from 7% to 10%.
Also, significant discounts are offered by those trading companies that faced the prospect of a liquidity crisis against the background of reduction by banks-creditors of their borrowed risks. Diamond companies, especially in the small and medium-sized businesses, which are facing a severe shortage of cash, have to realize inventories.
"The dealers want to liquidate their stocks in order to get cash on the eve of the Diwali holiday ADB has canceled the work, Standard Chartered Bank has decided to reduce the volume of lending to the diamond and diamond industry, which may lead to a liquidity crisis, which in the future will hit the industry quite hard Acting in this way, dealers want to ensure the availability of funds after the holidays, "- said the president of the Diamond Association Surat (Surat Diamond Association) Dinesh Navadiya (Dinesh Navadiya).
The current state of the market can play into the hands of buyers of diamond jewelry, analysts say. Gold prices have significantly decreased compared to the same period a year earlier, and large discounts before the start of the holiday season can allow buyers to knowingly win. This year, during the "festival of lights" Diwali, Indian consumers are projected to purchase diamonds for a total of more than $ 2 billion.
Procurement of rough diamonds has actually stopped, as the cutting companies will not work in connection with the holidays over the Diwali holiday, which will begin on 20 October and will last three or four weeks.

President of the Diamond Dealers Club of New York, DDC Reuven Kaufman expects that for the third Israeli Diamond Week in Israel Diamond Week, which will be held on November 10-13 this year, buyers from all over North America will arrive. This diamond sale event is jointly held twice a year by the Israeli Diamond Exchange (IDE) and DDC.
The Israeli Diamond Week in New York has become not only a successful trading platform for participants of the two largest diamond exchanges in the West, but also actively promotes the involvement of those jewelry manufacturers and retailers who rarely visit DDC. IDE President Shmuel Schnitzer, for his part, expressed the hope that representatives of other diamond exchanges of the continent, including Los Angeles, Miami and, probably, Panama, will take part in the event.
"The upcoming diamond week has the potential to become a very bright and dynamic" platform for the supply of diamonds, "and buyers will find it an extremely useful and convenient tool for replenishing stocks on the eve of the holiday season," he said.

The II International Jewelry Forum was held in Moscow, participants of which discussed the problems facing the jewelry industry of Russia, including ways to enter the international market.
The forum was opened by Gagik Gevorgyan, chairman of the Guild of the Jewelers of Russia Association, reports jewellernet.ru.
At the forum the President of the RF CCI Sergey Katyrin addressed the participants with a welcoming speech. He said that in Russia there are unique materials and there are unique masters able to perform unique works from them. 
In the framework of the Eurasian Economic Union, in his opinion, new opportunities and new challenges for the jewelry industry will appear.
The issue of Russian jewelers' access to world markets was also raised.
The necessary participation in exhibitions is an expensive affair, therefore, a government program is needed to support the withdrawal of Russian jewelers to the international arena.
As noted on the form, China did the same, and now its jewelry is in demand all over the world.
The most famous foreign jewelry houses willingly use Russian diamonds, their products are actively bought, but the fact that Russian stones are used in works is known only to a narrow circle of specialists.
In this regard, Sergei Katyrin said that the Chamber of Commerce and Industry of the Russian Federation is doing a great job on developing the participation of Russian entrepreneurship in exhibition and fair and congress activities. Consequently, the business working in the jewelry industry has where to turn. This work is also carried out by territorial CCIs. The issue should be solved jointly, he stressed.

The Council for Responsible Jewelery Council (RJC) and Signet Jewelers Ltd. held a presentation for representatives of the jewelry industry in China and Hong Kong to strengthen the position of the council in an important region and introduce the new executive director of RJC Ashish Deo. The event was attended by more than 100 participants, including the leadership of the three leading Chinese jewelry retailers, representatives of the world leader in diamond mining, ALROSA, the industry press, RJC members and jewelers. As a result of the meeting, many of its participants expressed interest in becoming members of the RJC.
David Bouffard, vice president of Signet Corporate Affairs David Bouffard, stressed that the company, which is one of the constituent and certified board members, and the largest jewelry retailer in the United States, expects all its suppliers to eventually pass RJC certification as part of the corporate policy on ethical and socially responsible supply chains.
The chairman of the Hong Kong Jewelery Manufacturers Association (HKJMA), Benedict Sin, noted the benefits that RJC creates for the jewelry industry in general, and especially for the Hong Kong manufacturing and export sectors.
In particular, the certification program of the board can help Chinese and Hong Kong companies increase their presence in the US and European markets.

The Responsible Jewelery Council (RJC) and the Alliance for Responsible Mining (ARM) announced the official recognition of version 2.0 of the Fairmined Standard v.2.0 (Standard for Fair Gold Mining) under the RJC Standard for Social Responsibility in the supply chains (Chain-of-Custody Standard, CoC) for precious metals.
To attract more artisanal industries to work within this standard and to ensure a steady increase in the volume of gold certified on this standard on the market, Fairmined Standard offers brands three certification schemes that ensure traceability of compliance of certified products to a standard up to a certain stage of the supply chain.
The Labeled scheme presupposes control up to the final consumer goods, Incorporated - until the gold is refined, and an additional supply scheme is provided for those who are not ready to include the standard in their supply chain, but want to contribute to the development of responsible handicraft production.
The fair extraction standard is the fundamental guide for the artisanal and small-scale gold mining sectors. The adoption of this RJC standard aims to further attract artisanal industries to work on the Fairmined Standard, and also notes the innovative work of ARM in creating this important for the sector program.

In the period from 10 to 19 September 2014 in Hong Kong, an international auction for the sale of diamonds ALROSA in the jewelry exhibition Hong Kong Gem & Jewelry Fair.
56 companies participated in the bidding. The total sales results showed a steady demand for the assortment presented. ALROSA reported this in a press release received by Rough & Polished on Wednesday.
As a result of the auction, 65 diamonds with a total mass of 192.91 carats were sold. The total amount proposed for diamonds was $ 2.976 million.
The largest diamond sold at the auction had a mass of more than 16 carats and a fantasy yellow color. It was sold for $ 468 thousand.
The most expensive diamond - a colorless stone of round form weighing more than 10 carats - was sold for $ 592.36 thousand.

The gradual recovery of the economy should promote a moderate increase in sales in stores and via the Internet during the holiday season of 2014, according to a forecast prepared by the audit and consulting company Deloitte.
"The growth in profits, wages and the number of jobs are positive indicators before the holiday season," said Daniel Bachman, senior economist at Deloitte in the US "The level of debts remains at historically low levels, and the profit from stock markets along with rising prices on real estate can stimulate a higher level of consumer spending than in previous years. "
Deloitte forecasts that the total volume of retail sales from November to January will be from $ 981 to $ 986 billion, which is 4% - 4.5% more than in the same period last year. At the same time, sales through the Internet and by mail will grow from 13.5% to 14%, experts say.
"Our research shows that 84% of buyers use electronic tools before and during shopping," said Alison Paul, vice chairman of Deloitte LLP. "In addition, using such devices make purchases 40% more likely than those who they do not use ".
"Against the backdrop of the growth of online sales, interaction with customers through virtual and real channels offers more sales opportunities than using only digital or mobile channels," she added.
In general, Deloitte notes that, despite the tense situation in Ukraine and the Middle East, improving the economic situation of consumers should more than compensate for the influence of foreign conflicts on consumer confidence and retail sales.

The World Diamond Mark Foundation (WDMF) and the Indian Gems and Jewelery Export Promotion Council (GJEPC) will organize the World Diamond Conference in Delhi on December 11-12, 2014, ).
The theme of the conference will be the future of the diamond industry and diamond jewelry in the global luxury market.
Representatives of diamond-producing countries, leading diamond-producing companies, manufacturers of diamonds and jewelry with them, retailers and industry organizations are invited to participate in the conference.
The main direction of the forum will be the search for ways to revive consumers' interest in diamonds and the corresponding increase in the share of diamond jewelery in the luxury goods sector, which is currently the priority task facing the world diamond-diamond industry.
"The global diamond industry is going through hard times: it is necessary to radically increase consumer demand for the industry's products, which is why global marketing is an area that requires detailed consideration." The World Diamond Conference is an attempt to consolidate the industry under one roof and to plan its development, I would like to thank GJEPC for his vision of the situation and mutually beneficial cooperation.It is very fortunate that we are holding this event in the Indian capital of Delhi, where a new wind is blowing, "said Chairman yes World Diamond Brand Alexander Popov (Alex Popov).
I really hope that this breeze will fill our sails, "he added.
"India is not only one of the world's leading diamond producers, we are also a very large jewelry manufacturer and a huge, expanding consumer market." Given the rapidly developing economy of India, the increasing share of the middle class, which develops a taste for luxury, a large number of marketing and WDMF advertising programs will fall into a fertile soil, and we expect a lot from this event, "said Vipul Shah, chairman of GJEPC.

Information on the termination of the Antwerp Diamond Bank (ADB) activity has shocked Indian diamond traders, especially small and medium-sized businesses, who fear a liquidity crisis.
The Belgian banking and insurance group KBC Group has previously decided to begin curtailing the lending activities of its Antwerp Diamond Bank.
According to a number of sources, 60% of the total volume of ADB operations, which is $ 1.6 billion, is accounted for by Indian traders. In India itself, through its local branch, the bank is reportedly performing operations in the amount of $ 200- $ 230 million. Thus, the prospect that the ADB may require a short repayment of borrowed funds will cause chaos in the industry, which is already in a difficult situation financial situation. There is a danger of an inevitable liquidity crisis among diamond traders, especially in Mumbai and Surat.
"Now that the group has decided to wind down its business, diamond traders may be required to meet short-term loan requirements with the Indian branch of the bank," explained the chairman of the Gems and Jewelery Export Promotion Council (GJEPC), the Indian Council for the Promotion of Gems and Jewelery, Vipul Shah.
"This week we will hold meetings with representatives of the bank in order to increase the time of payments, as this will affect the liquidity of the diamond industry in the very near future," he said.
The bank has not yet reported on the timing of payments of borrowed funds. But, in case this term is limited to one year, it will inevitably lead to a liquidity crisis and a drop in inventory. If the payment period is from two to five years, the industry can expect a decline in prices for diamonds in the range of 5% - 10%.
In turn, a number of diamond producers see a positive component in the lack of bank funds, which may follow the closure of ADB. In their opinion, such a situation could put an end to the speculative trade in rough diamonds, which dealers conduct in Antwerp.
It is believed that the diamond trade has not yet received raw materials worth more than $ 200 billion, which are specially held by dealers to create an artificial deficit on the market in order to manipulate prices.

The new advertising campaign De Beers Diamond Jewellers will be launched next month.
In the campaign took part model Andrea Diaconu, who was chosen for natural beauty and elegance.
Photographer of the campaign was Mary McCartney, who already worked with De Beers on the project Moments in Light, in which famous women of the art world talk about their lives and advertise products of the jewelry brand.
"We are extremely pleased to work with Mary and Andrea on creating unique photographs," said De Beers Diamond Jewelers CEO Francois Delage.
"They are both ideal for conveying our unique vision of femininity, a natural beauty that does not require sacrifice, an important step in continuing to create the image of our Jeweler of Light and its presentation in an elegant and modern manner, he added.
The new advertising campaign will start simultaneously with the release of a new collection of De Beers Aria, which presents jewelry and watches.

Diamonds from the Argyle mine owned by Rio Tinto will be shown at several exhibitions in China starting next month.
The jewel of the collection will be a cream-white tiara encrusted with diamonds called "Nature's Glow". Tiara was created to commemorate the strategic partnership of Rio Tinto and Chow Tai Fook on the occasion of the 85th anniversary of the famous Chinese jewelry house.
The unique tiara will be demonstrated in the largest cities of China as a symbol of the innovative partnership of the two companies, which allows Chow Tai Fook to trade retail diamonds from Argyll in more than two thousand of its stores throughout Greater China.
"Chow Tai Fook is one of the world's largest jewelry companies, and for the past five years, Rio Tinto has enjoyed working together with her to develop the jewelry market in China, which has allowed the Chinese diamond market to develop for just five years to a level that we could only dream, "said Rio-Tinto Diamonds managing director Jean-Marc Lieberherr.
The Rio Tinto and Chow Tai Fook partnership, which began at the 2010 World Expo in Shanghai, allowed Chow Tai Fook to create five collections of diamond jewelry from Argyll. The last one, titled "Chow Tai Fook Sunshine", will be released in October under the slogan "Ozari your life with diamonds of Australia".

Despite the fact that the United States, the world's largest consumer of precious stones and jewelry, is now showing signs of economic recovery, tension remains among the exporters of India. This is due to the fact that this year mainly sell products in the low price range, unlike in previous years, when expensive jewelry was in demand, according to Business Standard.
Buyers' preferences in the US, apparently, change dramatically: lately they have been striving to acquire products in the low and medium price segment, buying up lower-grade gold and small diamonds and colored gems.
"This year, we receive most of the orders from the USA for low-price and medium-price items, unlike last years, when we ordered expensive ornaments, and although the actual growth in orders will only be known in a few weeks, we hope that this the season will be better than the previous one, "said Vipul Shah, chairman of the Gems and Jewelery Export Promotion Council (GJEPC), the Indian Council of Export Promotion Council. 
Nevertheless, given that the holiday period will last until the second week of February, Indian diamond producers hope that the trend will change. For the holiday period, about 40% of world jewelry sales are accounted for. Since the US share in world annual demand is 38%, this country is the most important market for diamond jewelry exporters all over the world.

Gold premiums in India are likely to double compared to the current level ahead of the holidays, which begin next week. Also during this period, a significant increase in gold imports is expected.
According to the Indian Bullion and Jewelery Association Ltd (IBJA), in the last quarter of this year, gold imports will increase by 50% - up to 75 tons. Between June and August, an average of 60 tons per month was imported.
Gold sales are projected to grow by almost 20% this year during the holidays. Gold premiums are likely to double compared to the current level.
The Dantheras festival, which precedes Diwali's "festival of lights" and is characterized by large-scale purchases of gold, this year will begin in October. Also in October in India, the wedding season begins, it will last until early next year. The late rainy season that started this year has already led to an intensification of gold trade in rural areas.
The government fears that the increased demand for metal will lead to an increase in imports, which will negatively affect the current balance of payments deficit.
For this reason, the Indian government does not intend to change the "80:20 rule" in the near future with respect to gold imports.

The traditional annual tender of Rio Tinto for pink diamonds from the Argyle mine, which displays the best examples of extremely rare red and pink diamonds produced this year, is held in Hong Kong as part of the final stage of the international exhibition and sale, according to a press release, received by Rough & Polished.
Jean-Marc Lieberherr, Managing Director of Rio Tinto Diamonds, said: "There is a strong interest in our diamond tender from both developed and emerging markets, and I'm glad that this year our collection of diamonds was enthusiastically adopted in Hong Kong "Rarity, beauty, craftsmanship and the special origin of diamonds play a key role for collectors, connoisseurs and experts in jewelry."
Hong Kong is the last stop for the 30th international tender for pink diamonds from the Argyle mine, which will feature four exceptionally rare fancy red diamonds, the main of which is Argyle Cardinal ™, a spectacular red cut diamond with a 1.21 carat cut. A total of 13 fantasy red diamonds were shown in the tender from the beginning of trading in 1984. Other stones shown in this year's collection are Argyle Rosette ™, a fantasy saturated purplish pink emerald cut diamond weighing 2.17 carats, and Argyle Toki ™, a fantasy purple pink emerald cut diamond weighing 1.59 carats.
After the closed display of pink diamonds from Argyll in Hong Kong, the stones will return to Australia, where trades will close on October 8, 2014.

The Hong Kong company Diamonds Services Ltd., which promotes advanced technological solutions for the diamond and jewelry industry and trade, won the Jewelery News Asia award in the nomination "Innovation of the Year - Production - Technology".
The award was awarded to the company for the introduction and maintenance of the unique DiamaTest device, designed to effectively identify synthetic diamonds of any size (alluvial or in jewelry) within a few minutes.
Diamond Services was declared the winner during the gala dinner and JNA award ceremony held during the September Hong Kong Jewelery & Gem Fair.
"The diamonds created in the laboratories will not disappear anywhere and the industry will be kept only through full disclosure of information.Diamond Services will continue to provide the industry with technological solutions that will make the recognition of diamonds and precious stones more efficient, and will also identify and establish the used refinement methods and synthetic stones" , - said the owner of the company Yossi Kuzi (Yossi Kuzi).
The JNA Award, organized by Jewelery News Asia, is awarded to the leaders of the international jewelry industry in various categories, including production, branding, retail, innovation and others. This year, the awards ceremony is held for the third time.

De Beers has begun to study reusable diamonds in order to get a first-hand view of this poorly understood aspect of the industry, which, as some fear, can compete with diamonds for a place in the market.
According to Business Day, referring to the chief executive of De Beers Philippe Mellier, the program to study this aspect of the industry, called the Diamond Reselling Insight Program, was launched this month.
"We do not know what the scale of the secondary diamond market really is," he said, "We want to understand the secondary market in detail, because now there is a lot of second-hand information and rumors."
Tacy's president and journalist Chaim Even-Zohar estimates the $ 1 billion re-use market. 146 million carats worth of diamonds worth a little less than $ 18 billion were produced last year. The year 2005 was a record year, when 176 million carats.
According to De Beers, over the past five years, US jewelry companies have closed more than 2,000 stores that have not been replaced by other outlets.
Business Day notes that, in response to a question about De Beers' possible exit into the secondary market, Mellier said: "We will determine our next steps based on the results of the study. It's too early now."
Analyst RBC Capital Markets Des Kilalea (Des Kilalea), the newspaper writes, said that De Beers begins to "worry a little" because of the fact that in the secondary markets of diamonds is sold almost as much as in the diamond market.

Exports of polished diamonds from India in August 2014 fell to $ 1920.05 million (2.904 million carats), an increase of 18.58% compared to August of the previous year ($ 2358.12 million - 3.608 million carats). Such preliminary results were announced by the Indian Council for the Promotion of the Export of Gemstones and Jewelry (Gems and Jewelery Export Promotion Council, GJEPC).
For the period from April to August 2014, polished exports amounted to $ 9,422.87 million (14.53 million carats), or 12.61% less than the same period a year earlier - $ 10,781.96 million (16.149 million carats).
Diamond exports in August decreased compared to 2013 by 14.08% - from $ 124.7 million to $ 115.73 million (5.522 million carats and 2.663 million carats, respectively).
The export of stones in April-August 2014 amounted to $ 616.03 million, which is 10.22% less than for the same period last year - $ 686.18 million.
Imports of diamonds in April-August 2014 increased by 8.21% to $ 7906 , 97 million (61.513 million carats) compared to the same period in 2013 - $ 7,306.89 (69.433 million carats) million, while last year in weight terms, it was imported by 5.4% more - 69.43 million carats.
Imports of diamonds in August also show an increase of 26.82% - to $ 864.39 million (in August 2013 - $ 681.59 million) and a decrease in weight terms: from 9.251 million carats to 7.415 million carats.
Imports of polished diamonds in April-August 2014 amounted to $ 2,647.51 million, which is 5.4% lower than for the corresponding period a year earlier - $ 2,798.40 million.
In August 2014, polished imports fell slightly - by 2.55% - to $ 511.35 million (in August 2013 - $ 524 million), despite the efforts of the Indian government aimed at reducing imports.

The World Gold Council (WGC) and the China Gold Association signed the "Comprehensive Agreement on Strategic Cooperation" during the "China Gold Congress and Expo" in Beijing.
The organizations intend to jointly increase the global understanding of the gold market, the supply chain and China's role in this process by sharing experiences, analyzing data and developing innovation for gold in investment, technology and jewelry.
"This partnership is aimed at realizing our common aspirations to stimulate the activity of foreign entrepreneurs in China and to ensure the continuous growth of this important and rapidly changing market.The World Gold Council is actively advocating the development of the gold market.Our cooperation in the current" Chinese Gold Congress "is a the first step in the long-term relationship that we intend to develop in the years to come, "said Sun S, president of the China Gold Association, during the signing of the agreement Hb (Song Xin).
"China has already made a big contribution to the global gold market and will play an increasingly important role in the future.WGC has been active in China since 1993, this partnership will allow us to build closer ties with Chinese partners, creating the basis for the next decade of growth both inside China, and in the international arena, "said Aram Shishmanian, executive director of the council.
Demand for jewelry in China increased by 344 percent, and investment demand - more than 5,000 percent over the past 10 years. The extraction of precious metal grew by 267 percent in 20 years. Currently, China is in the epicenter of the global gold market.