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

SA says most local diamonds not suitable for local beneficiation

07 february 2019

South Africa’s State Diamond Trader said a significant amount of diamonds produced in the country are not suitable for local beneficiation. 
Company new chief executive Stanley Mnguni said in their 2017/2018 report seen by Rough & Polished at a mining conference in Cape Town that the South African production had large quantities.
“[These] cannot be profitably beneficiated in the country due to manufacturing costs and this has an impact on the growth of local diamond beneficiation,” he said.
Mnguni said of the 74 clients of the State Diamond Trader 42 were actively trading in the 2017/2018 period.
The State Diamond Trader was eligible to purchase up to 10% of run of mine local diamond production by carats and value.
“Despite such eligibility, the organisation targeted a minimum of 4% during the year under review as a result of the implications of the run of mine qualification,” he said. 
“The consequence of the run of mine qualification is that it leaves the State Diamond Trader with an empowerment to purchase up to 10% of local production from producers whereas the supply has no demand.”
Meanwhile, company chairperson Mervyn Carstens said the board had adopted a new strategic plan targeting improved performance.
This included an increase in the amount, by carats, of rough diamonds sold on primary allocation by 10 percent annually, an increase on local beneficiation of -3gr gem quality and all sizes of near gem quality and industrial diamonds to 10,000 carats per annum by 2022.

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