“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

Russia doesn’t want synthetics to be passed off as natural diamonds - Russia’s Ministry of Finance

11 january 2019

Russia’s Vice Minister of Finance Aleksey Moiseev disclosed Russia’s views and intentions regarding synthetic diamonds in his interview with the Praim agency following the Russian Federation becoming Vice Chair of the Kimberley Process (KP) from January 1, 2019 and turning its Chair in 2020.
Answering the question why Russia put forward itself for the post of KP Chair, Moiseev said that Russia is concerned about blending synthetics to natural diamond parcels and intends to take measures to tackle this problem.
‘‘We are for fair and competitive global trading. We want, first of all, nobody to sell synthetics passing it off for natural stones,’’ he said. 
That is why, according to the interview, Russia intends to focus on diamond traceability strategy providing the provenance of diamonds from mine to stores in order to confront illegal diamond trading. 
Moiseev added that major diamond companies show their concern about lab-grown diamond injections in natural diamond markets. According to experts, he said, such blending accounts for about 20% of all polished diamonds traded globally. 
However the Vice Finance Minister also noted that in the end synthetic diamonds will take their place in global market and there is no need to fight against that, on the contrary it is important to try to take up regulatory activities to provide consumers with the guaranty of the product they buy - synthetic stones or natural diamonds. 

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