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A new brand has come to the Russian market - LA VIVION

How this had happened was disclosed in an interview with Rough&Polished by Andrey Yanchevskiy, CEO of LA VIVION, who, having turned from a programmer into a jeweler, proved that algorithms and diamonds are a promising combination in business.

14 august 2017

KGK says Botswana lacks capacity, expertise to produce diamond jewellery

KGK Diamonds Botswana opened its operations in the southern African country and the world’s second largest diamond producer in value terms, in 2014 and it is currently cutting and polishing rough sourced from De Beers’ Diamond Trading Company. Company...

07 august 2017

Jewellery might not come under the category of basic necessity, but for women it is a need

Enchanted by the City of Gold-Dubai, brothers Kiran Pethani and Anil Pethani travelled from their little village in Gujarat, India to Dubai in search of a better livelihood. In 1993, they started working for a jeweller in Gold Souk where they learnt...

31 july 2017

"The government should financially support the setting up of skills development units and Gems and Jewellery parks" suggests Sanjeev Agarwal, CEO, Gitanjali Exports Pvt Ltd.

Sanjeev Agarwal has a unique combination of experience encompassing FMCG, Banking & Finance and the Luxury Retail Sectors with Unilever, Cadburys and Deutsche Bank. Sanjeev’s next move to World Gold Council as Managing Director (India-subcontinent)...

24 july 2017

Virtual Possibilities of Jewellery Market

Online jewellery trading in Russia – since it started boosting and becoming more popular among the consumers - is of keen interest among the market players and is a topical issue. Dmitry Zamyshlyaev, Deputy Head of the Federal State Enterprise ‘Assay...

17 july 2017

EU draft law on minerals from conflict areas approved

17 march 2017

The European Parliament approved last Thursday a EU draft law, which provides for mandatory due diligence evaluation of companies trading in certain minerals imported from conflict zones or high risk areas.
Starting from January 1, 2021, the new rules will require all EU-based companies, with the exception of the smallest importers, to evaluate the compliance of their suppliers delivering such products, as tin, tungsten, tantalum and gold, which, in particular, are used to manufacture computers, mobile phones and jewelry. The evaluation will be mandatory for importers from "the conflict zones and high risk areas".
According to the statement released by the European Commission, the rules will cover up to 95% of imports as of 1 January 2021. In the meantime, the Commission and Member States will work to make sure that the necessary structures are in place to ensure EU-wide implementation.
Together with the new rules, the EU will be putting in place accompanying measures to support small and medium-sized importers, and development aid to ensure the Regulation is effective and has a positive impact on the ground, the EC statement said. The EU has also been reaching out to governments in Africa, Asia and beyond to encourage them to source responsibly and eliminate alternative markets for conflict minerals.
"I'm very glad we now have an ambitious, workable solution to eliminate conflict minerals from supply chains," said Commissioner for Trade Cecilia Malmström after the vote. "Trade needs to take account of our values and the Parliament's decision today is a great example of how this can be achieved. The new rules will ensure that minerals used by European industries are sourced responsibly, in a way that does not harm populations in mining regions and does not fuel war. The new Regulation will reduce the hardship and human rights abuses that have for too long accompanied this trade. Transparent and responsible supply chains mean revenues will not go into the hands of rebel groups, but to investment in schools and hospitals, supporting a well-governed state underpinned by the rule of law. It means improving people's lives, from conflict and terror to opportunity and hope. It means encouraging the economic growth that helps the poorest regions grow sustainably."
The new regulation is yet to be approved by the EU Council. It will come into force after publication in the EU Official journal.

Alex Shishlo, Editor of the Rough&Polished European Bureau in Brussels

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