BlueRock boosts H1 output, grade at Karevleei as loss narrows

BlueRock Diamonds has recorded a 79% increase in carats produced at Kareevlei Diamond Mine in South Africa to 8,949 carats in the six months to June 2021 compared to 4,981 carats, a year earlier.

Today

Moscow to host KP Plenary meeting on 8-12 November 2021

The Russian Federation, as the Chair of the Kimberley Process (KP) said the next KP Plenary meeting will be held in Moscow on 8-12 November 2021 in a hybrid format including online and in-person participation for those who will be able to visit...

Today

S&P revises Botswana's outlook to 'stable' as diamond sector improves – report

Ratings agency S&P has revised Botswana’s outlook to 'stable' from 'negative' due to an economic recovery buoyed by a strong diamond sector. "We expect Botswana's diamond export-dependent economy will rebound by 8.5% in real...

Yesterday

India’s cut and polished diamond export increases by 68.64%; rough imports up 142.62% in August

India’s export of cut and polished diamonds at $ 2051.88 mn in the month of August 2021 shows a growth of 68.64 per cent as compared to $ 1216.70 mn for the month of August 2020, according to data available in gjepc.org.

Yesterday

Global jewellery industry calls for immediate action on gender equality

The global jewellery industry has called for collective and immediate action on gender equality, a crucial building block in developing a strong and responsible supply chain that contributes to achieving UN Sustainable Development Goal 5.

Yesterday

EU backs U.S. in seeking coral protection

20 november 2009

The European Union (EU) has agreed with a U.S. initiative to seek international trade protection for red and pink coral, which is used in fine jewelry as well as home decor and has been the subject of a campaign by conservation groups that believe over-harvesting has imperiled the slow-growing species, www.nationaljewelernetwork.com reports.

The European Commission indicated that EU member states - including Italy, a major producer of coral jewelry - were in favor of a request from the United States to co-sponsor a proposal to list red and pink coral under Appendix II at the next Convention on International Trade in Endangered Species (CITES) Conference of Parties, to be held March 13-25, 2010, in Qatar.

An Appendix II CITES listing for red and pink coral would not prohibit trade, but would ensure that international trade in coral is carefully monitored through a system of export permits, which would help to reduce trade in illegally fished coral. Countries wishing to export red and pink coral would be required to produce a scientific finding that proves trade is not detrimental to the survival of these species.

SeaWeb's Too Precious to Wear campaign, which is among the organizations that has been pressing for the protection of coral, hailed the announcement.

"This decision is a major step toward safeguarding the future of these species and the livelihoods that depend on them," SeaWeb President Dawn Martin said in a press release.

The United States and the EU have placed significant pressure on these animals, according to SeaWeb, which says the United States imported more than 26 million pieces of coral from 2001 to 2006. More than 2,000 species of coral are currently afforded CITES protection, including precious black coral, also used for jewelry. But while the global black-coral trade is estimated at five metric tons, the trade in pink and red coral is 30 to 50 metric tons annually.

The EU decision was issued after a workshop on red and pink coral was held in Naples, Italy, in September. Red and pink coral, also known as corallium, were considered for Appendix II protection in 2007. At the last CITES Conference of Parties, the proposal passed the initial committee vote but was overturned in the final plenary vote, due to implementation concerns, which were discussed again at the recent Naples workshop.

A two-thirds majority vote from CITES member countries is needed for red and pink coral to be successfully listed under Appendix II. SeaWeb said that even the CITES listing would not be a panacea.

"Strong local and regional management in the Mediterranean and the Pacific is needed to secure the future of these species and the rich traditions and livelihoods that depend on them," SeaWeb said in the release.

Some jewelry companies have already taken steps to help protect coral, including Tiffany and Co., which removed coral from its product lines more than six years ago due to sustainability concerns, as well as retailer Leber Jewelers in Chicago and designers Monique Pean and Melissa Joy Manning. In the home decor industry, Pottery Barn and Michael Aram have also refused to sell products that use real coral as have fashion designers Lilly Pulitzer, Lela Rose and Vena Cava.