Lunhianga Project: "The forecasts for this year point to the production of about 100 thousand carats of diamonds"

Advanced information, by the coordinator of Endiama’s Lunhinga Project Management Committee, Adérito Gaspar, points to a drop in production due to the pandemic, but with good prospects in view of the potential of the kimberlites of Camatchia, in production...

19 october 2020

Crisis is the way to development

Maria Krasnova belongs to the second generation of the St. Petersburg jewellers. She is a daughter of Pavel Sokolov, the founder of ‘Samotsvety ot Sokolova’ (Gems by Sokolov), a jeweller and expert gemologist famous for his collection of unique...

12 october 2020

Gaetano Cavalieri: Diamond producers no longer insisting that clients purchase what they are offered

Dr. Gaetano Cavalieri has served for the past 19 years as president of CIBJO, the World Jewellery Confederation. Uniting national jewellery and gemstone associations from more than 40 countries, including Russia, and many of the industry’s major corporations...

05 october 2020

Worth of gold and diamonds

Initiatives in Arts and Culture and De Beers recently co-hosted a webinar on the worth of gold and diamonds. The webinar, which was moderated by Mickey Alam Khan, the founder and editor of Luxury Daily, featured Jeffrey Christian, founder and managing...

28 september 2020

Consumers attracted to diamond jewelry more than ever

Ali Pastorini is the co-owner of Del Lima Jewelry and President of Mujeres Brillantes, an association which brings together more than 1,000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

21 september 2020

Government of India may look at tax benefits for diamond sector in the upcoming Union budget

16 february 2016
The Indian government is likely to come up with a benign tax regime for the country’s diamond sector in special notified zone (SNZ), to help India become a hub of international trading of rough diamonds.
The gems and jewellery industry has suggested that the turnover tax on diamond trade in the special notified zone should not be more than 0.25 per cent and must be internationally competitive.
The proposal was submitted to the Finance Ministry for its consideration in the Budget for 2016-17. To enable trading from the SNZ and attract foreign companies, taxation regime should be simplified and competitive.
The SNZ, which was set up with a view to facilitating imports and trading of rough diamonds, would also give the diamond industry a strong competitive advantage against other trading centres like Antwerp, Dubai, by saving time and foreign exchange spent on travel to these trading centres or establish offices there. It will also ensure steady supply of rough diamonds in the country.

Aruna Gaitonde, Editor-in-Chief of Asian Bureau, Rough & Polished