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Diamond manufacturers must use technology to react swiftly to changes in the market

One of the original founders of Sarine, Uzi Levami has a long history of founding high-tech companies. He was awarded the prestigious Israel Defense Award in 1992 by then President Chaim Herzog, for his endeavors on a development project for the Israel...

20 march 2017

A mined diamond can bring an extra depth to the significance of a jewellery piece

Award-winning designer Sarah Ho, was born in Hong Kong and grew up in Macau before moving to London to enrich her skills in design and gemmology. Sarah’s inspirational designs are a sentimental reflection of the different chapters in her life and her...

13 march 2017

‘I will run my chair in a very transparent, open fashion’ – KP Chairperson

Australia’s Robert Owen-Jones took over as this year’s Kimberley Process Chairperson amid tension between the civil society and the United Arab Emirates (UAE), which chaired the diamond watchdog last year. The civil society coalition boycotted UAE’s...

06 march 2017

Giving beauty to people as a gift

The ‘Kierge’ jewellery house is a large firm manufacturing and selling jewellery and is a famous Yakutian brand. Over its 23 years of experience, the company was repeatedly the winner of national and international contests like ‘The Recognition by St...

27 february 2017

IDE's Yoram Dvash: 2017 shaping up to be more positive

After a tough 2015, last year provided the diamond industry with more stability and 2017 could be even better, says Yoram Dvash, President of the Israel Diamond Exchange (IDE) and Vice-President of the World Federation of Diamond Bourses (WFDB). In this...

27 february 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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