De Beers only selling Elizabeth Bay Mine in Namibia, move to sustain operations beyond 2019

Namdeb Holdings, a 50/50 joint venture between the Namibian government and De Beers is not selling Daberas, Sendelingsdrift and Southern Coastal mines in the southern African country. It had been alleged that Namdeb was planning to close and offload...

Today

Colorless diamonds as an investment class are evolving beyond their traditional ability to preserve, relocate and pass on wealth

Antonio Cecere, the Founder & VP of Monaco Diamond Exchange dons many caps simultaneously. Currently, he is the President of Geneva Diamond Exchange, the President of Diamond Investment Club and the Principal of the Cecere Group. Antonio’s ability to...

15 april 2019

Jewellery with diamonds, even with small ones, sells better than without diamonds

The Yakut jewellery firm Kierge was set up 25 years ago on the basis of the jewellery workshop PKF Yakutrembyttekhnika which, in its turn, was founded way back in the 1970s. Over this period, Kierge turned into a well-established company successfully...

08 april 2019

Lucapa’s Wetherall on the past, present and the future

Lucapa Diamond chief executive Stephen Wetherall recently attended a mining conference, in Cape Town South Africa, where he met Rough & Polished’s Mathew Nyaungwa and granted him an exclusive interview. They discussed Angola’s first international diamond...

01 april 2019

India’s gem and jewellery industry expects the government will consider its demand for lower import duty on raw materials

A go-getter at heart, with an attitude to match, Pramod Kumar Agrawal, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) of India is a man in a hurry. He has not left any stone unturned to bring back the Indian gem & jewellery...

25 march 2019

Gem & Jewellery Domestic Council to be launched in Mumbai on January 28

21 january 2019
gjepc_logo_news.pngA new Gem & Jewellery Domestic Council, an apex body that will bring together all the different segments of the industry within India under a common banner, will be formally launched by the Hon’ble Minister of Commerce & Industry, Shri Suresh Prabhu in Mumbai on January 28, 2019, says a report in gjepc.org.
The existing working group was reconstituted as the Ad-hoc National Committee of the new Council, which will function under the aegis of the Ministry of Commerce, Government of India. The new body will be in the form of a federation and have trade associations, rather than individuals, as members. Its focus will be on strengthening domestic manufacturing and developing a wider base to grow exports.
The new Ad-hoc National Committee elected Chairman of The Gem & Jewellery Export Promotion Council (GJEPC) Pramod Kumar Agrawal as Convener, with the heads of the Gem & Jewellery Council (GJC) and the Indian Bullion and Jewellers Association (IBJA) as Co-conveners.
GJEPC Chairman Pramod Kumar Agrawal said, “We welcome the government’s decision to form the Domestic Council for the Indian gem & jewellery industry. This will help to organise our unorganised and small scale based domestic jewellery industry and help it to scale new heights. GJEPC is happy to offer all our support and guidance in the formation of the Council.”
“We will make this a body which belongs to all and works to fulfil the aspirations of all small and big associations from all across the country. This is what has been envisaged by the Hon’ble Minister for Commerce & Industries Shri Suresh Prabhu,” Agrawal added.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished