Login

It's our responsibility to capture the imagination of future generations towards diamonds

As CEO of Beverly Hills-based Grand Metropolitan - a privately-held luxury goods holding company with a 130-brand portfolio - Vin Lee carries the burden rather lightly on his shoulders. Having migrated from Canada as a baby, it did not take long for...

Today

‘Non-diamond producing countries shouldn’t lead KP’

Non-diamond producing countries should not lead the Kimberley Process (KP) as was the case last year with the United Arab Emirates (UAE), according to the African Diamond Council and African Diamond Producers Association chairperson...

04 december 2017

Jewellers’ Guild of Russia sees its mission in creating highly developed national jewellery market

In recent years, the Jewellers’ Guild of Russia has noticeably stepped up its activities. Eduard Utkin, General Manager of this Association told Rough & Polished about what is happening in the country’s jewellery sector, the tasks facing the community...

27 november 2017

Any color diamond is a great investment

Bruno Scarselli belongs to the 3rd generation of the Scarselli family, which has for the last half-century been producing and selling some of the world’s highest quality yellow, blue and pink diamonds available on the market. Bruno heads the company...

20 november 2017

It’s crucial everybody feels confident that their suppliers use the System of Warranties - Stephane Fischler

The System of Warranties (SoW) in the diamond industry dates back to 2002, when the World Diamond Council (WDC) in team with the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association...

13 november 2017

Indian diamond industry observes partial shutdown in Surat

19 june 2017

The diamond cutting and polishing centre in Surat and those in Navsari and Saurashtra in Gujarat observed a shutdown on Saturday to press for exemption of the diamond industry from Goods and Services Tax (GST) regime that will come into force from July 1 in India, according to media reports.
The call for shutdown was given by Diamond GST Sangarsh Samiti which has been opposed to GST Council's decision to implement 3% GST on polished diamonds, 18% on diamond trading and 0.25% on rough diamonds.
It is reported that around 4,000 diamond brokers and 3,500 diamond merchants did not work and 3,000 small and medium diamond units remained shut, resulting in a loss of more than $105 million to the trade.
Praveen Shanker Pandya, Chiarman of the Gems and Jewellery Export Promotion Council (GJEPC) had on Friday appealed to diamantaires in Surat, Navsari and other cutting centres in Saurashtra not to join the bandh.

Aruna Gaitonde, Editor-in-Chief of Assian Bureau, Rough & Polished

Comments

Only registered users can add comments (Register, Login)