India’s overall exports of gems and jewellery dropped by 7.82% in the first six months of FY2020, with exports of cut and polished diamonds dropping by 18.84% and of gold jewellery (plain and studded) showing a marginal 0.67% decline over the same period, according to provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC).

Rio Tinto today released its production figures for the three months ended September 30, 2019, reporting a 7% decline in diamonds produced during the quarter and a 9% drop over the first nine months of the year.

Lucapa Diamond Company Limited’s latest sale of diamonds from the Lulo alluvial mine in Angola, of a run of mine parcel weighing 1,736 carats has raised gross proceeds of US$2.6 million (A$3.9 million), representing an average price per carat of US$1,530 (A$2,265).

Recently, Mumbai was the venue for a prestigious and fascinating conference organised by SaffronArt.