Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...

Yesterday

GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

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

Macau government proposes bill on trade in rough diamonds

02 april 2019

The Executive Council has announced on 28 March 2019, that the government has drafted a bill which if approved by lawmakers would enable Macau to implement the Kimberley Process Certification Scheme (KPCS), which then would allow Macau to import rough diamonds.
Currently, there is no trade in rough diamonds in Macau. The Bill would allow Macau to prepare to become an international centre for the trade in rough diamonds in the future. Macau imported polished diamonds worth 20 million patacas last year.
The proposed legislation would help Macau develop a rough diamond trade sector, adding that the trade would also help Macau give full play to its role as a business-service platform between China and Portuguese-speaking countries, as some of these countries are among the top producers of rough diamonds.
The Bill proposes that rough diamonds imported by Macau originating from a particular country or region must be accompanied by a certificate issued by that country or region’s external trade authorities.
The Bill proposes that rough diamonds exported by Macau must be accompanied by a certificate issued by the Economic Services Bureau. And, any business person in Macau engaging in the import, export, intermediary trade, sale and transport of rough diamonds must obtain a licence from the local government. The bill proposes a two-year transition period. The bill authorizes the Macau Customs Service to verify rough diamonds. The government proposes that the bill become law on October 1 this year.

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