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

WDC actively supports initiatives from mine to retail; and also strives for support for the artisanal and small-scale miners - Edward Asscher, President, World Diamond Council

A member of one of the diamond industry and Amsterdam’s most well-known families, Edward Asscher was elected President of the World Diamond Council in June 2020 for a two-year term. Asscher is serving a second time as WDC President, having led the organization...

14 september 2020

Diamonds are one of the few things that have held human fascination in every nook and cranny of the world across time

Dr Usha R. Balakrishnan, a preeminent historian of Indian jewellery based in Mumbai, is Chief Curator of the World Diamond Museum. Being the author and co-author of several volumes of Diamonds Across Time, a new book and an important venture launched...

11 september 2020

Botswana Diamonds to bulk sample KX36 kimberlite, sees commercial potential

Botswana Diamonds recently acquired Petra Diamonds’ exploration assets in Botswana for $300000. The assets that were owned by Petra through its wholly-owned Sekaka Diamonds Exploration, include the KX36 project, a 3.5 hectare kimberlite that was a new...

07 september 2020

Indian diamond industry looks for recovery options

Webinars being the order of the day due to COVID-19 crisis, the Gem & Jewellery Export Promotion Council (GJEPC) of India organized a virtual meeting under its UNCUT 2020 Webinar series on 17 August 2020, inviting all stakeholders to discuss...

31 august 2020

Antwerp Diamond Industry pleased after meeting with Indian Prime Minister delivers results

05 april 2016
The Indian Prime Minister personally welcomed members from the Antwerp World Diamond Centre’s Board of Directors during his visit to Belgium. Several points were discussed, including the Reserve Bank of India’s norms on imports.
One issue that Prime Minister Modi could solve very quickly is the long delay in receiving Reserve Bank of India (RBI) permission for clean credit facility when these are longer than 180 days. Clean credit is a loan given by a foreign supplier to its Indian customer for importing diamonds without formal guarantees from an Indian financial institution, making the process swifter and easier. Banks are permitted to approve clean credit to Indian importers for imports of rough and polished diamonds, but not for a period exceeding 180 days.
“Obviously, we are pleased to see that just a day after our meeting with the prime minister, the RBI decided to allow State banks to approve clean credit facility given by foreign suppliers to Indian importers of rough and polished diamonds, even beyond 180 days. This will only serve to strengthen the already robust trade relations between the Antwerp and Indian diamond industries,” said AWDC CEO Ari Epstein.
Belgium is one of Europe’s top three trade partners with India, and is the second largest exporter of goods to India. This is primarily attributable to the diamond trade. The diamond trade accounts for approximately 82% ($7.85 billion) of all Belgian goods exported to India.

Alex Shishlo, Editor of the Rough&Polished European Bureau in Brussels