Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

US government shutdown to hit Indian diamond exports

31 january 2019

The US government’s partial shutdown is expected to have a negative impact on exports of small diamonds from India to the US in the financial year, according to a report in the Economic Times.
The report quotes Colin Shah, Vice Chairman, Gem & Jewellery Export Promotion Council (GJEPC) who reportedly said: “We are yet to assess the entire impact of the US shutdown on exports. But impact will definitely be felt on consumption of smaller diamonds that are generally purchased by middle-class US citizens who have been affected by this shutdown.” 
Vipul Shah, former Chairman of GJEPC and a diamond exporter, said the US-China trade war has also impacted movement of loose diamonds from India to China.
Shah also said that the high import duty on polished diamonds and gemstones, which is currently 7.5%, should be brought down to the earlier level of 2.5%; and the government should amend the income tax regulations enabling foreign mining companies to sell rough diamonds through the Special Notified Zone in the Bharat Diamond Bourse.
Seeking introduction of a presumptive taxation system from the government for diamonds and gemstones in India, Colin Shah said, “The introduction of presumptive taxation would not only increase the ease of doing business of diamantaires but also encourage diamantaires from across the world to start operations in India as against other preferred destinations such as Belgium, the UAE and Hong Kong. A level playing field in India is absolutely essential for making India a global hub for gems and jewellery.”

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