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Lucapa to become a niche diamond company, says Wetherall

Lucapa Diamond believes that it will become the only company in the world with multiple diamond mining operations whose average diamond value is in excess of $1,000 per carat, once the Mothae mine is commissioned this year. Company chief executive and...

19 february 2018

Zimnisky: Diamonds lack fungibility to be a major investment product

Physical diamonds will never be a viable widespread investment product simply because they inherently lack fungibility, meaning they are all unique, according to Paul Zimnisky, an independent diamond industry analyst and consultant, who is based in New...

12 february 2018

Julien-Vincent Brunie: "Being surrounded by beauty and art is a privilege!"

This last December, shortly before Christmas, the Auction House of Christie's arranged a private display of jewelry in Moscow. The correspondent of Rough & Polished, who had an opportunity to visit this event, was able to admire a luxurious collection...

05 february 2018

Ali Pastorini: We would like meeting Mujeres Brillantes 2018 to be held in Russia

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 500 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

29 january 2018

Diamond Exchanges promote healthy development of the diamond industry, besides safe and basic infrastructures for diamond trade

Prior to joining the Guangzhou Diamond Exchange, Liang Weizhang served as a civil servant of Guangdong Entry-Exit Inspection & Quarantine Bureau as the director of the Kimberley Process Office. He participated in the KP Review missions to South Africa...

22 january 2018

India bans export of gold jewellery, medallion and coins above 22 cts

17 august 2017
In an amendment in the Foreign Trade Policy-2015-20, the Government of India has banned the export of Gold Jewellery (plain and studded), Medallions & Coins of above 22k from DTA and Export Oriented Unit (EOU) Scheme, Electronics Hardware Technology Park (EHTP) Scheme, Software Technology Park (STP) Scheme or Bio-Technology Park (BTP) units.
According to the Foreign Trade Policy, gold jewellery, including partly processed jewellery and articles including medallions and coins (excluding legal tender coins), whether plain or studded containing gold of 8 cts and above up to a maximum limit of 22 cts may still be exported.
An EOU unit may export all kinds of goods and services except a few items that are prohibited. However, export of gold jewellery, including partly processed jewellery, whether plain of studded and articles, containing gold of 8 carats and above up to a maximum limit of 22 carats only shall be permitted.

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

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