Ali Pastorini: “We have to change a little the way to sell the idea that buying jewelry is just for glamour”

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together approximately 1000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

18 february 2019

Indian gem and jewellery manufacturers have the skill and capabilities to cater to any market in the world

Besides spearheading the “White Paper” last year, Colin Shah, Vice Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) has been actively involved in the initiatives of the Council like MyKYCBank and many more… A first generation...

11 february 2019

The Indian gems and jewellery industry was progressing in the past and will certainly progress in the future

Dinesh Navadiya, the Regional Chairman (Gujarat Region) of The Gems & Jewellery Export Promotion Council (GJEPC) of India, is also the representative of the Gujarat G&J sector at various organisations as well as government authorities...

04 february 2019

The Russian Diamond Line: We do not believe that gifted persons would win through on their own

The Russian Diamond Line, a Moscow international jewellery contest of jewellery design, has been held for a decade already. At the end of the year, the results of the jubilee RDL-2018 contest were summed up, and on December 14, the prizewinners of the...

28 january 2019

New lending will have to be fully asset-backed with true provenance and transparency in the flow of goods and monies

After handling Gem & Jewellery (G&J) industry financing as a banker for many years, Erik A Jens sees an opportunity now that numerous banks are withdrawing from the sector. He is exploring opportunities to establishing a financing firm focusing...

21 january 2019

IDE bans two traders for switching natural diamonds with lab grown stones

06 august 2018
The Israel Diamond Exchange (IDE) has banned two bourse members for allegedly replacing natural diamonds of D-color, high-clarity polished diamonds weighing 3 to 5 carats with lab-grown stones, says a report in diamonds.net.
The suspect traders visited a company’s office in the bourse to view the goods.The firm later discovered the misdeed when it checked the three stones in a detection machine. Closed-circuit television footage helped the firm track down the suspects.
The case involved “switching stones worth hundreds of thousands of dollars at the expense of another bourse member,” Israel Vanchovsky, the IDE’s deputy director general had reportedly said earlier last week. However, the Bourse executives investigated the case and reported the suspected fraud to the police last week.
While IDE has expelled one of the trade members for life, it has banned the other suspect for 37 months, ensuring that he has to go through the full admission process if he wishes to return to the bourse.

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