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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...

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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...

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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

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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

Polished diamond import may fall as Indian government doubles duty

28 march 2018

The import of polished diamonds into India is likely to come down drastically following the doubling of duty on cut and polished diamonds from 2.5% to 5% by the Indian government, says a TOI report.
GJEPC authorities termed the government’s decision to increase import duty on cut and polished diamonds as a stumbling block in India’s chances of becoming an international diamond trading hub. The move, according to the GJEPC, will not provide a level-playing field vis-à-vis other peers such as Belgium, Dubai and Israel.
Moreover, it will have a negative impact on the ‘shut out’ business from the US, which has been growing fast.
Industry sources told TOI that the Americans sell the old diamond studded jewellery and that broken and other diamonds are imported by India. In India, the diamonds are recycled and exported once again. With 5% import duty on cut and polished diamonds, the cost of imported diamonds will increase phenomenally.
Talking to TOI, GJEPC’s regional chairman, Dinesh Navadiya reportedly said, “The council is continuously in touch with the finance ministry and other departments to revise the decision on increasing import duty on cut and polished diamonds. We had supported the central government’s decision on imposing 2.5% duty on diamonds to stop round tripping. In past few years, the round tripping has completely stopped and diamonds imported in the country are of the jewellery sold by the Americans.”

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