“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...


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

Smuggled SA diamonds might have funded Brexit campaign

24 december 2018

news_24122018_banks.pngAnti-corruption bodies are to question Arron Banks, who owns diamond productions in African countries, over allegedly smuggled rough diamonds out of South Africa, according to the Guardian.
The accuses are based on the evidence presented by the Forensics for Justice team headed by fraud investigator Paul O’Sullivan, who said that they had received an email from Banks, which was destined for his former business partner Chris Kimber.
The email says, “Chris, can you bring over a certificate for the diamond I took back – have you got any blanks!!! Was looking at getting it cut but need the paperwork…A.”
The Guardian cited the Observer that reported that the National Crime Agency, which is probing Banks on the 8 million pounds donation to a Brexit campaign. However, Banks said that all the allegations that the money came from South African businesses had no grounds.
According to the report, the price of the smuggled diamond was of about $40,000 in its rough form and if the businessman had declared the stone he would have payed a 15% tax.
The source of the diamond remains unclear as the diamond doesn’t have a “Kimberley Process Certificate” saying that the stone was mined in a legitimate mine, though it is believed that the gem comes from one of the productions that belong to Banks.

Victoria Quiri, Correspondent of the European Bureau, Rough&Polished, Strasbourg