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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

Too early to say good days are back, but the industry is witnessing changes

Rajesh Lakhani, Director of Kiran Gems Pvt Ltd has more than 20 years standing in the diamond industry shouldering major responsibilities at Kiran including planning, developing and managing global marketing, sales and distribution of polished goods...

10 july 2017

The task of all the jewellery community is to back up the history of natural diamond, its myths, its reputation of a rare and most precious gem

Russkaya Yuvelirnaya Kompaniya No. 1 Holding comprising the Moscow jewellery factory of the same name and the retail chains in Novosibirsk and Moscow manufactures exclusive jewellery pieces and sells them on the Russian market. It specializes in making...

03 july 2017

SA’s Vutomi project can start production end of 2018 – John Teeling

Botswana Diamonds entered into an option and earn-in agreement with Vutomi Mining and Razorbill Properties, a private diamond exploration and development firm in South Africa last February. It agreed to pay Vutomi a total of £942,000 in cash, of which...

26 june 2017

Proximity doesn’t matter, your pocket does: Tanzanians interested in tanzanite jewellery can testify

Tanzanite, a rare blue/purple gem, was discovered in the Merarani Hills of Manyara Region in northern Tanzania in 1967, a few miles from Arusha and Mount Kilimanjaro. It is used as a gemstone and of late Tanzanians are manufacturing quality jewellery...

19 june 2017

Conflict diamonds: Global Witness calls for due diligence when trading with CAR

14 july 2017
Global Witness said diamond companies should exercise caution when trading with the Central African Republic (CAR) to prevent conflict diamonds from entering the international market.
The non-governmental organization released a report last month, which alleged that dealers were smuggling rough diamonds out of CAR using social media.
However, the country’s mining minister, Leopold Mboli Fatran, refuted Global Witness’ claims of illegal diamond trading in the country.
Rapaport reports that Global Witness had fired back.
“A responsible diamond trade can only be built with the commitment and resources of the entire sector,” it was quoted as saying.
“This includes international companies profiting from the trade in diamonds. These companies have a clear responsibility and wield genuine influence, but their due diligence efforts continue to fall well short of international standards.”
Global Witness also said that the CAR government had expressed “willingness to engage” on the issues raised in their report.
CAR was the world’s tenth-biggest diamond producer by value in 2012, according to Bloomberg citing the US Geological Survey.
The internecine conflict broke out in CAR in 2013 when Muslim Seleka rebels seized power from President Francois Bozize, causing retaliations by "anti-balaka" Christian militias.
Diamonds were used to fund operations of the warring groups, a move that forced the Kimberley Process to ban the export of diamonds from the landlocked country.
However, the diamond watchdog partially lifted the ban last year.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished

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