Botswana mining industry players speak on speculative exploration licences

Speculative mineral exploration licences was a recurring theme from presentations made by three players in Botswana mining industry at a conference convened in Gaborone. The country has issued thousands of exploration licences, across the mining industry...

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Design is the key to all markets

Besides being an astute businessman, Mumbai-born Laksh Pahuja is a designer par excellence known globally for his awe-inspiring unusual jewellery pieces. Trained at the Gemological Institute of India and Harrow College of Art England, Laksh combines...

10 june 2019

Mutual mass destruction will not serve anybody’s purposes

The recent moves by the U.S. Federal Trade Commission (FTC), including its letters urging some companies to abide to the revised edition of FTC Jewelry Guides and the explanations from FTC attorney Robert Frisby posted on the FTC website were...

03 june 2019

Pavel Sokolov: Every stone has its beauty

THE ‘GEMSTONES BY SOKOLOV’ brand has been popular for over 25 years. The aim of this company is to supply any kind of gem studs to the Russian market including the unique ones except diamonds of any cut. The product range by the SOKOLOV Company is very...

27 may 2019

“We are building a new state-of-the-art tender facility,” says Ahmed Bin Sulayem, Executive Chairman, DMCC

Ahmed Bin Sulayem certainly needs no introduction being widely popular globally as one of the leaders of modern Dubai. As the Executive Chairman of DMCC, Ahmed Bin Sulayem has played and continues to play a key role in establishing and positioning DMCC...

20 may 2019

Russia’s Ministry of Finance proposes to sell LGD jewellery in separate windows

12 april 2019

The Ministry of Finance of the Russian Federation has prepared a draft under which jewellery featuring artificial materials having the characteristics of natural stones should be displayed in separate windows, according to Interfax.
The body of the project is posted on the website regulation.gov.ru.
The decree states that the windows with such jewellery should be marked with a note saying “Jewelry and other articles feauturing materials of artificial origin”.
Lab-grown diamonds have the same characteristics as natural diamonds, therefore, such stones can only be detected with the help of special machines.
The new initiative of the Ministry of Finance will make the distinction between natural and synthetic stones more visual and much clearer for buyers.
Many companies have already expressed their interest in the separation of "synthetics" and natural stones.
In order to differentiate the industry of natural diamonds and the lab-grown stones, last year De Beers launched the brand of synthetic diamonds, Lightbox.
Independent diamond industry analyst Paul Zimnisky said at the time of the launch of Lightbox Jewellery that this was a strategic move out of necessity by De Beers on behalf of the whole natural diamond industry. 
“I don’t see this as a move by De Beers to simply take a piece of the lab-created diamond market pie, but rather take control of the lab-created industry and steer it in a way that protects their natural diamond business,” he said. 
Recently, the Russian company ALROSA signed a MoU with Angolan Endiama under which the countries will promote among other things integrated delineation of international markets for rough and polished diamonds (both natural and synthetic) to protect fair competition and interests of diamond mining countries.

Victoria Quiri, Correspondent of the European Bureau, Rough&Polished, Strasbourg