OurBuzz
IIJS Tritiya 2024 opens in Bengaluru
IIJS Tritiya 2024 organised by GJEPC, opened at BIEC, Bengaluru today. The formal inauguration was done by Chief Guests Dr B Govindan, Chairman -Bhima Jewellery and Vinod Hayagriv, MD – C Krishna Chetty Group.Representing GJEPC were Vipul Shah Chairman-GJEPC, Kirit Bhansali, Vice Chairman – GJEPC and Nirav Bhansali, Convenor, National Exhibitions -GJEPC and other CoA members.
DiamondBuzz
Russia Dominates 2025 Diamond Production Value For Third Consecutive Year
Recovers 31.5 Million Carats Valued At $2.72 Billion (Averaging $86 Per Carat).
Russia maintained its lead in global rough diamond production value for the third year in a row in 2025, recovering 31.5 million carats valued at $2.72 billion (averaging $86 per carat).
Meanwhile, production in Botswana fell due to operational shutdowns at the Jwaneng and Orapa mines, resulting in 15.5 million carats worth $1.98 billion, though it achieved a higher average price of $128 per carat. Globally, the rough diamond market saw a contraction: overall output dropped 3% in value to $9.23 billion and 8% in volume to 98.8 million carats, driven by significant export declines from Russia, Canada, Zimbabwe, and Lesotho.
Global rough output fell 3% year on year to $9.23 billion. By volume, production dropped 8% to 98.8 million carats. Total imports slipped 8% by volume, while global exports declined 7%.
The dip in exports reflects a 1.8% slump in the number of carats exported from Russia, and a slide of 10% from Canada, 41% from Zimbabwe and 63% from Lesotho.
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