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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

WDC advocates for responsible diamond sourcing

01 june 2018
The World Diamond Council (WDC) said there is need for change and improvement in the manner in which the Kimberley Process (KP) operates so the organisation can continue making a positive difference in responsible diamond sourcing. 
Council executive director Marie-Chantal Kaninda, who addressed the U.S. State Department officials and civil society members last Thursday, said areas that needed change included the scope of conflict diamonds, KP’s minimum standards, and long term implementation of the diamond watchdog directives through a permanent secretariat.
She also asked the U.S. State Department officials to support the changes by exercising their voting rights as KP members. 
Kaninda said there was need for diamond consumers to continue to insist on ethically sourced products.
Meanwhile, WDC acting president Stephane Fischler said Kaninda’s presentation was an important opportunity for the council to continue spreading the diamond industry message of accountability, action and meaningful outcomes. 
“We must all come together with one common purpose and fulfill the duty of care owed to diamond producing communities to protect their right to a secure, healthy and prosperous livelihood,” he said.
“We also hold our responsibility to consumers in the highest regard, those who buy our products with an expectation that the diamonds are ethically and responsibly sourced.”
The WDC presentation was part of a series hosted by the U.S. State Department Office of Threat Finance Countermeasures, which advances policies that seek to minimise the funding available to groups that pose a threat to domestic, international and regional security. 

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

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