Indian gem and jewellery manufacturers have the skill and capabilities to cater to any market in the world

Besides spearheading the “White Paper” last year, Colin Shah, Vice Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) has been actively involved in the initiatives of the Council like MyKYCBank and many more… A first generation...

11 february 2019

The Indian gems and jewellery industry was progressing in the past and will certainly progress in the future

Dinesh Navadiya, the Regional Chairman (Gujarat Region) of The Gems & Jewellery Export Promotion Council (GJEPC) of India, is also the representative of the Gujarat G&J sector at various organisations as well as government authorities...

04 february 2019

The Russian Diamond Line: We do not believe that gifted persons would win through on their own

The Russian Diamond Line, a Moscow international jewellery contest of jewellery design, has been held for a decade already. At the end of the year, the results of the jubilee RDL-2018 contest were summed up, and on December 14, the prizewinners of the...

28 january 2019

New lending will have to be fully asset-backed with true provenance and transparency in the flow of goods and monies

After handling Gem & Jewellery (G&J) industry financing as a banker for many years, Erik A Jens sees an opportunity now that numerous banks are withdrawing from the sector. He is exploring opportunities to establishing a financing firm focusing...

21 january 2019

The majority of women don’t care whether their diamonds are mined or lab grown - Alex Popov, CEO of Âme

Alex Popov, President of the Moscow Diamond Bourse and former Chairman of the World Diamond Mark Foundation (WDMF) launched a new jewelry brand under the name of Âme focused on design and using lab grown diamonds to produce jewelry meant to meet...

14 january 2019

Red-tape stalling diamond beneficiation in South Africa – official

05 february 2019

The South African Diamonds and Precious Metals Regulator (SADPMR) was told by the local jewellery manufacturing and beneficiation industry that the decline in jewellery manufacturing and diamond beneficiation is due to bureaucracy, a government official has said.
The country’s cutting and polishing industry had declined from a peak of 4,500 two decades ago to as low as 300 in 2018.
 “The main concern raised by industry was the red-tape in processing of licenses,” minister of mineral resources Gwede Mantashe told a mining conference in Cape Town on Monday.
He said the SADPMR had, therefore, embarked on a project to prioritise and streamline the application processes. 
“The processing time has been reduced significantly, in order to encourage new entrants and investors to enter the local beneficiation industry,” said Mantashe.
The bulk of the country’s polished end-product was being imported and this had resulted in a massive decline in the local industry.
South Africa’s diamond production value jumped 147% in 2017 to $3.1 billion, according to the Kimberley Process.
The country produced 9,68 million carats in 2017 at average price of $319 per carat.

Mathew Nyaungwa, Editor in Chief of the African Bureau, from Cape Town, South Africa, Rough&Polished