“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...

Yesterday

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

Tiffany & Co implements new strategy to boost transparency in diamond industry

10 january 2019

Tiffany & Co, a world-famous jewellery Maison, has launched a new program called Diamond Source Initiative, which will enable clients to trace their diamonds weighing 0.18 ct and more, says the note from the company. 

news_10012019_tiffany.png
Image credit: Tiffany & Co


Company’s CEO Alessandro Bogliolo commented that the launch of the diamond tracing program is a grand step towards enhancing the transparency in the diamond industry.
“Diamonds, formed up to 3 billion years ago and brought to the earth’s surface by a miracle of nature, are symbols of the most important moments in our lives. There should be nothing opaque about Tiffany diamonds,” said Alessandro Bogliolo, chief executive officer, Tiffany & Co. “Our clients want and deserve to know where their most valuable, most cherished diamond jewelry is from, and how it came to be.’’
Each diamond, according to the jeweller, will receive its unique serial number engraved on the diamond and the clients will get a certificate indicating the provenance of the stone in the jewellery.
By 2020 Tiffany & Co intends to extend its program by sharing craftsmanship journey (such as cutting and polishing workshop location) in addition to provenance.  

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