Botswana Diamonds’ Campbell on Zim jaunt: We are interested in Kaapvaal Craton

Botswana Diamonds and Vast Resources, recently signed a memorandum of understanding to prospect for diamonds in Zimbabwe. The two companies will exchange information derived from past exploration on areas prospective for diamonds in the southern African...

09 july 2018

“Every Forevermark diamond has a unique inscription number which is an assurance that the diamond is beautiful, rare and responsibly sourced,” says Sachin Jain

Sachin Jain, President-Forevermark, joined the company - a wholly owned subsidiary of the De Beers Group - as the Head of Retail in 2010. He was swiftly promoted to the Managing Director in 2011… to later become the President in year 2013. Sachin started...

02 july 2018

In a world where transparency is more and more the standard, our business must address the lab grading issue willingly

Jeweler-Designer Arnaud Flambeau started his career in the jewelry business in 1993 at European Gold Company CLAL as Key Account Manager for the Jewelry Division, where he was in charge of international brands like Cartier or VCA and their subcontractors...

25 june 2018

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...

18 june 2018

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

Everyone must get out of the shadows: How to change Russian legislation regulating the turnover of precious stones and precious metals

09 july 2018

The overregulation in Russia’s trade in precious stones and metals has put some part of the country’s jewelry market into the shadow economy, and small workshops are balancing on the edge of ruin. At the same time, the extractive industry continues to grapple with the competing "black diggers" and demands even more tighter legislation. Besides business, this is a no-win situation for the State, as it receives less taxes, and for ordinary consumers as well. The necessity to change this situation has ripened long ago, but the problem is how to observe the interests of all parties concerned.

One Carat Rounds – Largely Stable, With Some Exceptions

02 july 2018

A few months ago, we looked at the changing prices of third carats, and then we examined the price trend of two-carats. This week we examine the price trend of what is considered the standard diamond – the one-carat round.

Mixed first half of 2018 for the Israeli diamond industry, but mostly positive

25 june 2018

It's been a mixed first half of the year for the Israeli diamond industry, with a range of events affecting the sector, both negatively and positively. Most recently, the World Diamond Congress, which was due to be held in Tel Aviv in June, was cancelled. In addition, Israel's polished diamond exports have not exactly been sparkling this year.

The play of colors

18 june 2018

Color is the second measurement of the ‘4C’ system used by experts for the polished diamond grading. Talking about this parameter, the jewelers imply the presence or absence of a hue in a classic colorless – or so called ‘white’ - diamond. Part of stones mined have a marked hue – they are called ‘color or fancy color’ diamonds, but some other methods are used to assess them.

The Stalin Prize for the creation of the diamond industry in the USSR

13 june 2018

In 2014-2015, the Gornaya Kniga Publishers released a two-volume ‘Russia’s Diamond Book’. In this huge work (1,363 pages!), 2 paragraphs were written about diamond mining in the Ural area in 1946-1953, and only one person of the then Uralalmaz management was mentioned. At the same time, there is a chapter ‘They created the diamond mining industry’ devoted, certainly, to the Yakutalmaz workers. With all due respect to these wonderful workers, it is necessary to make some corrections in the priority in building up the national diamond mining industry.

As surely as the sun rises, Anjin will resume diamond mining in Marange

04 june 2018

The mining of diamonds in Zimbabwe’s Marange area has been a subject of much controversy in the longest of time. Many a people celebrated the discovery of the vast alluvial diamond fields in 2006 as that came at a time Zimbabwe had started experiencing economic challenges. One cannot blame Zimbabweans for pinning their hopes on diamonds as neighbouring countries such as Botswana were raking in hundreds of millions if not billions of dollars in diamond revenue. Politicians also didn’t help matters as they promised that the country would earn about $2 billion annually in diamond revenue. That was a pipe dream.

A few thoughts about subsoil mineral resources

28 may 2018

On April 5, a roundtable was held at the Federation Council of the Russian Federation Federal Assembly ‘On the validity of introducing criminal liability for unauthorized development of subsoil resources and de facto stealing of precious and semi-precious stones from the state causing serious damage during their extraction’. Here, it should be stressed that while considering any issues regarding the toughening of liability for ‘unauthorized development of subsoil resources, etc.’, it is first and foremost necessary to have an understandable and intelligible legal procedure for such development of subsoil resources. At present, there is no such a procedure in the Russian Federation.

Russia creates tracing system for polished diamonds and jewellery

21 may 2018

Nowadays, we see that the responsible supplies and tracing the provenance of rough diamonds are thriving and widely discussed in the industry. Only recently, Human Rights Watch once again criticized jewellery retailers pointing out that not all of them can provide information about the provenance of goods they sell. At the same time, various companies try to establish their own tracing systems. Recently, IBM announced the creation of their TrustChain for the jewellery industry. Even earlier, De Beers started the development of a blockchain platform for similar purposes. Today, Russia keeps up with the trend and maybe even moving ahead of it in some aspects. On the sidelines of the annual meeting held by Responsible Jewellery Council (RJC) in Moscow last week, the representatives of the Russian Federation Ministry of Finance, regulating this market in Russia, and the world’s largest diamond miner, ALROSA, told the audience that they had been engaged in large-scale activities in this field for a long time.

There's a unique bond between Jewellery and the Indian millennials...

14 may 2018

Millennials in India are no different to millennials anywhere in the world. Whether it's their lifestyle or consciousness on the environment or even social awareness they identify with global youngsters. Therefore, when it comes to jewellery preferences, brands concerned about environmental issues, strong in philanthropy, charity and society oriented, etc., find loyalty among the Indian millennials. But, as they show distinct behavioural differences in matters related to 'investment', jewellery happens to play an important part in their purchases...

Jewelry Trade Challenges and Impact of Gold Tax on Agenda at Dubai Precious Metals Conference

07 may 2018

The 7th edition of the Dubai Multi Commodities Centre's (DMCC) annual Dubai Precious Metals Conference (DPMC) looked at the challenges facing the jewelry business globally in one of its panel sessions. More than 300 participants from across the globe listened as speakers and panelists from the precious metals sector discussed issues and opportunities critical to the future of the worldwide trade.

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