“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

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.

               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