African diamond firms on COVID-19 response, recent developments

Rough & Polished recently contacted several diamond producers and exploration companies with operations in Africa to establish how their operations were affected by the Covid-19 pandemic and what they are doing to alleviate the impact. We also sought...

01 june 2020

“Get Diamonds” platform will soon be available in Russian, Hindi, Arabic and any other languages as per demand from any countries

A first-generation diamantaire Yoram Dvash, currently serving as the Acting President at World Federation of Diamond Bourses (WFDB) and the President of the Israel Diamond Exchange (IDE), launched his diamond manufacturing and trading...

25 may 2020

Sustainability is the only way forward - Rahul Jauhari

Rahul Jauhari, Sr Vice President of Global Sales & Marketing, Star Rays, has forged ahead professionally for more than 14 years garnering experience in Business Development, Luxury Lifestyle Consultancy, Market Analysis, Global Fashion / Luxury trend...

18 may 2020

Keeping global supply chains functioning vital – De Beers

Diamond giant, De Beers has said that it is essential to keep global supply chains functioning in view of the substantial impact of Covid-19 on the industry. Group spokesperson David Johnson told Rough & Polished’s Mathew Nyaungwa in an exclusive interview...

11 may 2020

Gabon courts foreign investors to grow fledgling diamond sector

Diamond production in Gabon, which has been a member of the Kimberley Diamond Certification Process since 2018, is currently dominated by artisanal miners. The artisanal miners are producing about 300 carats per month, according to Gabon’s director of...

05 may 2020

Russian jewelry, precious metals and gemstones will be subject to marking in 2020

22 april 2019

The Ministry of Finance of the Russian Federation proposes to make the marking of jewelry, precious metals and precious stones mandatory from January 1, 2020, according to rg.ru.
The draft law for all jewelry market participants was planned to be implemented this year, but the government decided to postpone it.
A new tracking application reading QR codes identifying the goods will be presented to enable an easier tracking of jewelry from the mine to the store, the agency reports.
Thus, consumers will be able to quickly and easily track the origin of their purchase. 
The Ministry of Finance proposed to amend the Law on Precious Metals and Gems in order to ensure greater transparency in the industry.
The agency also says that the Ministry of Finance proposes to stop marking silver jewelry, as the metal has become extremely cheap - about 30 rubles per gram.

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