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

At IDE, we encourage innovation throughout the bourse and have even opened a technological incubator to host start-ups - Yoram Dvash

A first generation diamantaire, Yoram Dvash founded ‘Y Dvash Diamonds Ltd’ in 1991 in Israel. While the company grew and made progress under his leadership, Dvash joined industry organizations such as the Israel Diamond Manufacturers Association (IsDMA)...

09 january 2019

Cooperation and collaboration are the development trend of today

Pavel Grankin runs the Slava Group of companies and holds the Slava trademark (‘Slava’ means ‘Glory’ in Russian). He has graduated from the Mozhaisky Military Space Academy. He did his military service at the Plesetsk Сosmodrome from 1987 to...

04 january 2019

De Beers speaks on Zim invitation to explore for diamonds again

De Beers’ exploration team landed in Zimbabwe in 1993 and left in 2006, however, they first prospected for diamonds in Marange in the late 1990s. Harare, under the leadership of the then president Robert Mugabe, alleged that De Beers looted diamonds...

24 december 2018

The Kimberley Process mulling over broader definition of "conflict diamonds"

The participants of the recent Kimberley Process Plenary Meeting hosted by the European Union in Brussels carried their work to completion on November 16, 2018 but were left with a home work on their hands to be done before the next convention under...

17 december 2018

Jewellery will be subject to marking from January 1 – report

27 december 2018
The Russian State Duma has passed the law on creating the united system of goods marking including jewellery which will enable the government to fight with illegal product turnover in the country, as per reports in mass media.
The law will reportedly come into force on January 1, 2019 and will focus on protecting the consumers from purchasing tampered and low quality products, says uvelir.info.

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               Image credit: EPL


Thus, each product should be marked – it will receive its own code which together with the information about the item will be submitted to the united data base used by a client to check the data on the product.
The government in its turn will control business data connected with the goods turnover.
Many diamond companies are trying to reach transparency in the industry by launching blockchain platforms to trace diamonds. De Beers has created a pilot Tracr program which helps to trace diamonds from mine to market.
The new law on the united marking system will enhance the chances of reaching transparency in the jewellery sector providing at the same time guaranties about the creation and origin of products.

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