India’s gem and jewellery industry expects the government will consider its demand for lower import duty on raw materials

A go-getter at heart, with an attitude to match, Pramod Kumar Agrawal, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) of India is a man in a hurry. He has not left any stone unturned to bring back the Indian gem & jewellery...

Yesterday

“Only do business with clients who have impeccable integrity,” suggests Davy Blommaert, banker

Davy Blommaert heads the Diamond Business at National Bank of Fujairah, which falls under the bank’s corporate and institutional banking division. With nearly 10 years of experience in the diamond industry, he was tasked to establish a unit within NBF...

18 march 2019

Russia’s export legislation is like a log on the road making it difficult to drive through

Eduard Utkin, General Manager of the Russian Jewellers Guild Association, which is a member of the Russian Federation Chamber of Commerce and Industry, answers the questions from Rough & Polished regarding the activities of the country’s professional...

11 march 2019

Botswana mum on new demands as negotiations with De Beers draw closer

Botswana said it will begin new diamond marketing and sales negotiations with De Beers in June or July this year. Mineral resources minister Eric Molale told Rough & Polished’s Mathew Nyaungwa on the sidelines of a mining conference in Cape Town, South...

04 march 2019

DLX-jewellery will focus more on colour stone designed pieces as well as diamond jewellery sets going forward - Jack Chen, General Manager, DLX-Jewellery

Graduating in International Business from an Institute in Sydney, Australia, in 2015, Jack Chen returned to China to start managing his family-owned jewellery business. Besides holding a certificate in a practical diamond course at Gemological Institute...

25 february 2019

Sarine supports responsible sourcing and provenance traceability

28 june 2018
news_28062018_sarine.pngSarine Technologies Ltd, a worldwide leader in the development, manufacture and sale of precision technology products for the evaluation, planning, processing, finishing and trading of diamonds and gems, said that responsible sourcing and provenance traceability had become the key issues in diamond industry and the utilization of Sarine technology could provide a powerful solution to support the diamond industry’s need for accountable traceability.
Sarine strongly supports and is actively involved in several blockchain initiatives. Any blockchain application is only as good as the data it contains, and it is a key requirement that such data be verifiable and provided by objective and trustworthy sources, the company claimed.
Sarine has already discussed responsible sourcing with leading industry organizations, miners, wholesalers and retailers as the company addressed the attempted theft of its intellectual property and the potentially serious adverse impact this could have on the importation of polished diamonds into the U.S. Leading U.S. retailers, including Tiffany and Signet have taken steps augmenting their suppliers’ contractual terms and conditions, codes of conduct to specifically address IP infringement issues.
David Block, the Group’s CEO, noted that, “We are extremely pleased that the issue of responsible sourcing and provenance traceability are receiving the attention they are, as it is key to ensuring the diamond industry’s implicit stature, and explicitly the polished diamond’s allure to the modern informed consumer. Sarine will continue to aggressively protect its IP and work with industry organizations and retailers to ensure that polished diamonds are procured in a responsible manner.”

Victoria Quiri, Rough&Polished