Colorless diamonds as an investment class are evolving beyond their traditional ability to preserve, relocate and pass on wealth

Antonio Cecere, the Founder & VP of Monaco Diamond Exchange dons many caps simultaneously. Currently, he is the President of Geneva Diamond Exchange, the President of Diamond Investment Club and the Principal of the Cecere Group. Antonio’s ability to...

15 april 2019

Jewellery with diamonds, even with small ones, sells better than without diamonds

The Yakut jewellery firm Kierge was set up 25 years ago on the basis of the jewellery workshop PKF Yakutrembyttekhnika which, in its turn, was founded way back in the 1970s. Over this period, Kierge turned into a well-established company successfully...

08 april 2019

Lucapa’s Wetherall on the past, present and the future

Lucapa Diamond chief executive Stephen Wetherall recently attended a mining conference, in Cape Town South Africa, where he met Rough & Polished’s Mathew Nyaungwa and granted him an exclusive interview. They discussed Angola’s first international diamond...

01 april 2019

India’s gem and jewellery industry expects the government will consider its demand for lower import duty on raw materials

A go-getter at heart, with an attitude to match, Pramod Kumar Agrawal, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) of India is a man in a hurry. He has not left any stone unturned to bring back the Indian gem & jewellery...

25 march 2019

“Only do business with clients who have impeccable integrity,” suggests Davy Blommaert, banker

Davy Blommaert heads the Diamond Business at National Bank of Fujairah, which falls under the bank’s corporate and institutional banking division. With nearly 10 years of experience in the diamond industry, he was tasked to establish a unit within NBF...

18 march 2019

CIBJO President outlines sustainability strategy for jewellery industry

12 april 2019

cibjo_logo.jpgSpeaking to members of the Canova Club, an exclusive Italian association of opinion leaders and decision makers from the country's economic, finance and business communities, CIBJO President Gaetano Cavalieri has described what he termed as an essential shift in thinking in the jewellery industry, where the attitude towards artisanal and small-scale mining is changing from it being considered a challenge, to being more of an opportunity.
"Defensive measures in which the industry has played a key role, like the Kimberley Process, have helped reduce the level of violence in regions where artisanal mining is taking place, although there is good deal that still needs to be done, particularly in terms of systemic violence," he said. "But in addition to that, the industry is getting involved at the grass-roots level to help equip and educate the artisanal mining communities, providing them legal access for their merchandise into the marketplace, and supplying them with knowledge to ensure that they are being paid fairly for what they produce."
In his wide raging overview of the economic and social role of the jewellery sector in developing countries, Dr. Cavalieri said that CIBJO has been working hard to provide solutions, and particular in the more fragile sectors of the jewellery business, like coloured gemstones, where almost all firms qualify as SMEs, even the mining companies.
"The philosophy that guided us in the creation of the Responsible Sourcing Book is that all participants in the jewellery business have a duty of care, and thus should conduct supply-chain due diligence to the best of their ability," the CIBJO President said.
"When consumers buy jewellery, they should feel that they are not only doing something for themselves and their loved ones, but for the world and society as well," he said.

Alex Shishlo, Editor of the Rough&Polished European Bureau in Brussels