Didier Giard: Stiff competition among the diamantaires is one of the factors of the price war

On September 9, 2019, the French Association of Gemmology (l’Association Française de Gemmologie, AFG) held its regular Paris Gemmological Rendez-Vous. Its organizer, Didier Giar, the head of the AFG kindly agreed to answer questions from Rough&Polished...

16 september 2019

“The industry is under some pressure, and as we all know, diamonds are formed under great pressure!”, says Dr Martin Leake

A veteran in the field of precious stones, Dr Martin Leake a doctorate geologist had worked for 22 years with BHP Billiton; and also set up a world-class marketing unit for Grib Diamonds in Antwerp. Later, as an Independent Consultant, Dr Martin Leake...

09 september 2019

Recovery of diamond industry within a year if end-consumer demand holds – Zimnisky

An independent diamond industry analyst and consultant said the natural diamond industry will be in a better position within a year time if end-consumer demand holds. Paul Zimnisky, CFA told Rough & Polished’s Mathew Nyaungwa in an exclusive interview...

02 september 2019

Working according to one’s weaknesses and strengths

Canon Jhaveri grew up watching his diamond-dealer father and uncle working with diamonds. The sparkles of the diamonds fascinated the young boy, who became more intrigued every time he visited his father’s office. After graduating in 2002, Canon Jhaveri...

26 august 2019

The diamond business is yet bright and has a good future in the coming days

Hitesh Patel, Managing Director of Dharmanandan Diamonds Pvt. Ltd., joined the family business in 1997 to help his father Laljibhai Patel, the founder of Dharmanandan Diamonds Pvt. Ltd. Egged on by its success, Hitesh set up the overseas presence of...

19 august 2019

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