Gold demand in China to dip 10-15% in Q1 2020

Demand for gold in China is expected to weaken in the first quarter of 2020 as the country’s consumption-led economy grapples with the coronavirus outbreak.

Today

Angolans witness polishing of Lulo diamonds in Botswana

Angolan officials led by the country’s ambassador to Botswana recently toured Safdico Botswana where diamonds from Lulo Mine are being polished.

Today

Baselworld 2020 attracts more professionals in the field of technical equipment for the jewelry sector

The Baselworld watch and jewelry exhibition, which will be held from April 30 to May 5, 2020 in Basel, Switzerland, intends to attract a large number of players in the field of technical equipment for the jewelry sector.

Today

Volgograd to host a jewellery show at the end of February

"JewelerEXPO 2020" jewellery show will open in Volgograd on February 19, 2020.

Today

Botswana, De Beers to conclude diamond sales negotiations by end of April

Botswana and De Beers are expected to conclude negotiations on the new diamond sales agreement by the end of April.

14 february 2020

Raising the bar for ethical trading in the world’s largest diamond jewelry market

02 september 2019
(worlddiamondcouncil.org) - Dear friends, when the Kimberley Process Certification Scheme (KPCS) was launched officially on January 1, 2003, it created for the first time in our industry’s history an ethical threshold that could be universally enforced. While limited to rough diamonds involved in the financing of civil conflict, it was fair to say that the Rubicon had been crossed. A network of governments, with the full support of industry and civil society, had ruled that from that point forward only diamonds meeting a minimum standard could be traded legitimately. But already then, the World Diamond Council (WDC) decided to raise the bar. While the KPCS applied to only to rough diamonds, the WDC’s System of Warranties (SoW) extended the non-conflict guarantee into the polished diamond sector. While voluntarily applied, the SoW declaration became a standard feature on B2B invoices and memos issued throughout the trade.