Color diamonds are more valuable and desirable and a better investment

In 1993, Eyal Cohen started his career as a diamond cutter, sitting by his father’s side as an apprentice. 4 years later, he was recruited by a jewelry firm, where he learned to appreciate natural colored diamonds. In 2003, Eyal opened his own company...

17 september 2018

Debate on the main issues affecting the diamond business is absolutely critical - Ernie Blom

Having taken part in the fruitful discussions with the world leaders at the Asian Summit held recently in Vladivostok, Ernie Blom, President, World Federation of Diamond Bourses (WFDB) now looks forward to taking the worthy inputs received at...

10 september 2018

Reflecting the nature of the industry, US jewellery market is significantly seasonal with great ‘ebb and flow’ in demand, opines Vin Lee

Vin Lee, CEO of Beverly Hills-based Grand Metropolitan, a privately-held luxury goods holding company had migrated from Canada as a child. And one can see that it did not take him long to ascend the US luxury world, establishing himself as a formidable...

27 august 2018

Vladimir Zboykov: New times have come for jewelers

How a personal collection of minerals was thrown on the scrap-heap, who is behind the destruction of gemstone consumption culture in Russia and why jewelers will soon have to choose between business and prison – all this was told to Rough & Polished...

20 august 2018

Changing preconceptions in the diamond and financial markets

Eli Avidar is a man on the move…literally. In April, the former Israeli diplomat stepped away from the CEO’s office at the Israel Diamond Exchange, a position he had held for more than two years, and from the Israel Diamond Institute, where he had been...

13 august 2018

World Diamond Council says work not over as threat of instability, conflict remains

13 march 2018
World Diamond Council (WDC) acting president Stephane Fischler said although the Kimberley Process (KP) has managed to quell wars that were driven by the so-called blood diamonds, the threat of instability and conflict remains and their “work is not over”.
He was speaking at a United Nations General Assembly (UNGA) side event, co-hosted by the governments of Australia and Botswana, to discuss the KP and strategies to advance its ongoing contributions toward peace, security and sustainable development in diamond mining communities.
This year marks the beginning of a crucial period for the KP, a two-year review and reform process led by the European Union Chairmanship and ending during next year’s Indian Chairmanship in 2019.
“This important KP review period gives us the opportunity to address contemporary challenges facing the diamond industry and implement reforms to protect the human rights, freedoms and development of people who depend on the diamond trade,” he said.
Also speaking during a panel discussion, Fischler reaffirmed industry’s commitment to the KP, while also reinforcing areas for reform to ensure continued success.
This included broadening the scope of the KP to increase the likelihood of safe and secure working conditions, fair labor practices and sustainable development in diamond communities, establish a permanent secretariat in a neutral country to strengthen long-term implementation of the organization.
“Let us not forget that the KP is a process for a reason – a tripartite with many participants, diverse points of view and numerous priorities,” he said.
“Even though only one group holds the power to enact change directly, we will not give up. Industry remains committed to working together with our partners to listen, discuss and reach consensus that drives positive change.
“I am especially encouraged by efforts of the Civil Society Coalition, now led and overwhelmingly represented by African-based NGOs, with whom we share a commitment to secure lasting change.”

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished