Diamex Lab: Our technology allows you to trace the history of the origin of each stone

Gleb Sverdlov, CEO of Diamex Lab told Rough & Polished in his interview below about the development of IT technologies for the market of rough and polished diamonds and jewelry.

17 february 2020

The future of the market goes hand in hand with gemology

After 2019, a challenging year for the global diamond industry, we asked Yuri Shelementyev, head of the Moscow State University (MSU) Gemmological Center and president of the National Gemological Association (NGA), to share his views...

10 february 2020

Diamond industry in healthier position going into 2020

The diamond industry is in a healthier position going into 2020 due to actions taken last year, according to De Beers. Group spokesperson David Johnson told Rough & Polished’s Mathew Nyaungwa that the actions taken included reducing rough diamond production...

03 february 2020

Ethical sourcing and Diamonds Standards Organization

The diamond sector is ready to embrace a new decade and overcome some of its historical challenges. Ethical sourcing has proven to be undoubtedly one of the main aspects that industry professionals need to address. Antonio Cecere, President of Geneva...

27 january 2020

Ali Pastorini: Challenges make us think out of the box and be closer to customers

Ali Pastorini is the co-owner of DEL LIMA JEWERLY and President of Mujeres Brillantes, an association which brings together more than 1,000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

20 january 2020

Union Budget 2019-20: GJEPC expects government to decrease import duty during full budget in July

04 february 2019

The much anticipated Indian Government’s Union Budget FY 2019-20 was announced 1 Feb 2019 by acting Finance Minister Piyush Goyal.
Commenting on the Interim Budget, Pramod Kumar Agrawal, Chairman, Gem & Jewellery Export Promotion Council (GJEPC) said, “We understand that the budget presented was a vote on accounts budget and is not a full budget. We welcome Govt.’s thrust on ensuring progress and prosperity through the budget. The relief given in direct taxes to middle classes and farmers will be good for increasing jewellery demand in the country. Also, we hope that with the capital infused in the banking sector and banks coming out of PCA will help in solving the shortage of working capital for our exporters. At the same time, we are disappointed that the demand for a decrease in import duty of raw materials like gold, silver, cut & polished diamonds and coloured gemstones were not included in the budget today. We hope that during the declaration of the full budget after elections the gems and jewellery sector demands will be addressed.”
The Indian gems and jewellery industry has been a foreign exchange earner for the country for many decades. Currently, the industry contributes 7% to India’s GDP and accounts for about 13.52% to India’s merchandise exports.
And, most importantly the industry directly employs around 5 mn people of the country, thus making a significant contribution to the country’s economy. The industry now maintains global leadership in cutting and processing of diamonds and some other category of gemstones as well.
The industry is hopeful that the government would resolve the many concerns and pave the way for Indian g&j exporters to cater to international markets and achieve the target of $60 bn exports for the gem & jewellery industry by 2022.

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