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

The majority of women don’t care whether their diamonds are mined or lab grown - Alex Popov, CEO of Âme

Alex Popov, President of the Moscow Diamond Bourse and former Chairman of the World Diamond Mark Foundation (WDMF) launched a new jewelry brand under the name of Âme focused on design and using lab grown diamonds to produce jewelry meant to meet...

14 january 2019

Angola to gazette technical regulations for new diamond marketing policy

11 october 2018
Angola is set to gazette technical regulations for the new diamond marketing policy at the end of October or early November, according to a mining official with interests in the southern African country.
Lucapa Diamond managing director Stephen Wetherall was quoted by Antwerp’s Diamond Loupe as saying in a wide-ranging interview that producers would only determine which new channels the majority of their product would be sold through, and to which buyers once the regulations are gazetted.
“This ‘majority’ has been said to be up to 60 percent of production and the ability to use multiple competitive channels for price discovery will result in producers achieving international market prices,” he said.
Wetherall said the main reason Angola was implementing the policy was to drive inward investment.
 “The key objective of the new policy is indeed to implement major reform, to improve the attractiveness and competitiveness of the national diamond industry and grow outside investment into Angola, so mining contributes more to the Angolan fiscus,” he said.
“More specifically, the policy intends to achieve this growth by establishing an effective system to ensure greater transparency and predictability in the rough buying and selling process, in order to maximise value and price stability.”
Angolan leader João Lourenço, who replaced long-time ruler Jose Eduardo dos Santos as President, said last June that he had ordered the state-run diamond companies Endiama and Sodiam to revise their policies to the benefit of the country and private companies.
He said during his Antwerp trip that Angola had been absent from the diamond bourse and that should change.
Lourenço also said Angola had not been able to benefit properly from its diamond resources as a result of policies that stifled growth, but wants that to change as well.
Angola produced 9 million carats last year worth $1.1 billion.

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