“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

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

Richemont to use blockchain technology to bring transparency to its supply chain

06 august 2018
Richemont, the owner of leading companies in the field of luxury goods, including Cartier, will reportedly use blockchain to make its supply chain more transparent, according to CoinDesk.

Image credit: Richemont

Richemont’s board member, Jin Keyu, said that she saw great potential for the blockchain technology in the luxury goods business. This move will help bring more clarity to the giant’s supply chain. Tracing applications will make it possible to control the origin of diamonds and metals used in luxury goods.
“As Cartier’s parent company, we have recently decided to start using blockchain to trace the origin of diamonds, rocks and gold back to the mines or recycling factories,” she said.
Richemont believes that by implementing new tracking technologies it will ensure its customers that all the stones and materials used to create luxury products are authentic.

Victoria Quiri, Rough&Polished