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Vallabhbhai Shamjibhai Patel tells about the ongoing construction of the Surat Diamond Bourse

The under-construction Surat Diamond Bourse (SDB) is India's second diamond trading hub based at Surat, Gujarat, spread across 35.54 acres with more than 4,000 offices for national & international traders. On the onset, the project which...

Today

The strategy of regulating the Russian jewellery industry

At the General Meeting of the Russian Jewellers Guild Association held in April, two principally important documents were adopted: The Strategy of Regulating the Jewellery Industry of Russia and The Charter of a Good Faith Taxpayer. Besides, the issues...

13 june 2018

Our first priority is to better understand artisanal and small-scale mining - Elodie Daguzan

The Diamond Development Initiative (DDI), the organization dealing with the traditional diamond mining, recently announced the appointment of Élodie Daguzan as its first Goodwill Ambassador. Ms. Daguzan, who currently works as head of communication...

04 june 2018

Zimnisky on De Beers’ Lightbox: It’s a strategic, bold move that will benefit the entire natural diamond industry

De Beers shocked all and sundry end of May when it announced the launch of a new company called Lightbox Jewelry, which will market a new brand of laboratory-grown diamond jewellery in September. This effectively meant that the group had departed from...

01 june 2018

Tracking the provenance and lifecycle of a product is a natural and necessary evolution in our industry

A senior executive with a demonstrated history of working globally at management and board levels, Marcus ter Haar has been the Managing Director at Okavango Diamond Company (ODC), Botswana for about 10 months now, prior to which he held the...

28 may 2018

The Belgian “carat tax” exceeds expectations

15 may 2018

The taxes imposed on Belgian diamond dealers yielded 68.4 mn euros last year, as compared to the government's forecast of 50 mn euros in 2017 and to the country’s revenue of 51.2 mn euros in 2016, reports Le Soir.be.
Belgian Minister of Finance Johan Van Overtveldt said that the amount could still see the rise as the numbers concerned only advance payments.
The diamond dealers payed the normal tax of 33.99% in 2017 and only 0.55% to 2.1% on their revenues, depending on the number of taxes they could deduce.
Before the taxes were imposed, the industry had paid only about 20 mn euros to the tax administration of the country.

Victoria Quiri, Rough&Polished, Strasbourg

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