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

11 firms battle to evaluate Namdeb diamonds – report

06 december 2018
namdeb_logo.pngAt least 11 companies are vying for a N$500 million contract to evaluate Namdeb diamonds over the next five years, according to The Namibian.
The current contract was held by Global Diamond Valuators Namibia, which had been evaluating Namdeb’s diamonds since 2007.
The daily cited unnamed sources who alleged that the tender rules had been crafted in way meant to favour one company.
However, Global Diamond Valuators director Andries Eiseb said allegations that the requirements were crafted to suit their company “are void of any truth”.
 “The bid was crafted in such a way that it allowed every eligible Namibian to participate in the tender,” he was quoted as saying.
“We had no prior knowledge of any of the requirements as set out by the procurement board.”
The evaluator was appointed by government through the mines ministry to ensure that a fair market value was put on Namibian diamonds before they are sold and exported.
The Namibian government valuator receives and values the diamonds from the entire production line of Namdeb, a joint venture between Windhoek and De Beers.
The diamonds were then passed on to the Namibia Diamond Trading Company (NDTC) – another joint venture between the Namibian government and De Beers.
NDTC would in turn sell 85 percent of the diamonds to sightholders, while the remaining 15 percent was sent to the state-owned Namib Desert Diamonds (Namdia).

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