Silver and diamonds - the "daily bread" of jeweler

GRINGOR is a St. Petersburg-based modern jewellery manufacturing company established in 2002. It successfully develops and implements the innovations, many of which resonate with the Russians and the people abroad. In 2012, GRINGOR was awarded the honorary...

26 july 2021

Willie Nagel, a gentleman, who would have the strength and stamina to deal with business leaders and politicians, passes away

By Alex Popov

Willie Nagel passed away on July 14th. Friday he was buried in Israel. I was flying from New York with a stopover in London when it happened. Being unable to be there and express my feelings to Adam and Toni, I would like to...

20 july 2021

Diamond industry's reaction to KP impasse

The Kimberley Process Civil Society Coalition (CSC) recently said that it is planning to approach the United Nations (UN) over the impasse on the redefinition of conflict diamonds and the principles of responsible sourcing. The CSC representative...

19 july 2021

Natural and LGDs are two segments of the industry that will have to learn to coexist together

Having now completed half a decade in the diamond jewelry exporting and wholesaling industry, Anmol Bhansali received formal training on Diamonds from GIA in addition to a lengthy training in jewelry wholesaling from the factories at Goldiam. He has...

12 july 2021

L'ÉCOLE Van Cleef & Arpels: our mission is to share the jewelry culture with as many people as possible

France has gradually begun to lift quarantine restrictions on places of cultural recreation, including museums starting from May 19, 2021. The world-renowned L'ÉCOLE, School of Jewelry Arts (L'ECOLE des Arts Joailliers) Van Cleef & Arpels...

05 july 2021

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