Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

UAE KP Chair meets Indian Minister of State for Commerce & Industry for discussions

10 october 2016
The KP Chair, during his talks with Mrs Nirmala Seetharaman, Indian Minister of State for Commerce and Industry, expanded on the details of his initiatives he has taken during the last nine months. These include facilitating Venezuela’s return to the KP, securing green zones for Central African Republic to re-export and discussing his Africa Initiatives.
Bin Sulayem also summarised the outcomes of the two Rough Diamond Valuation Forums, the second held last week in Antwerp, Belgium in association with the AWDC. Talks centered on methodology for a standardized approach to creating a process to price rough diamonds effectively through to deliberating on the challenges the industry faces from synthetics and the upcoming KP Plenary in mid-November in Dubai.
Bin Sulayem also commented on the Indian Commodity Exchange’s decision to allow for futures trading in polished diamonds.
India is one of the world's largest diamond and gem polishing and jewellery manufacturing centres, with the gems and jewellery sector playing a significant role in the Indian economy, contributing around 6 to 7 per cent of the country’s GDP. Furthermore, over 80% of the world’s rough diamonds are processed in India, principally in Surat, which employs 450,000 people within the industry.
The Government of India has declared the gems and jewellery sector a focus area for export promotion, and has recently undertaken various measures to promote investments and to upgrade technology and skills to advance ‘Brand India’ in the international market. India exports 95 per cent of the world’s diamonds, according to statistics from the Gems & Jewellery Export promotion Council of India (GJEPC).

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