“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

De Beers scaling up Tracr ahead of formal launch

De Beers tracked 100 high-value diamonds along the value chain during the pilot of Tracr™, its industry blockchain platform, for the first time in May last year. A De Beers spokesperson Bianca Ruakere told Rough & Polished in an exclusive interview that...

13 may 2019

The perfect couple - platinum and diamonds

The Jewelry House of Leon Megé located in New York has long been firmly established in the jewelry market as a source of magnificent jewelry, in which platinum and diamonds often sparkle being married together and attracting everyone’s eyes, but are...

06 may 2019

The technology of growing single-crystal diamonds has now become industrial in nature

It is believed that the reserves of natural diamonds will be exhausted by the middle of the century, and therefore production of synthetic diamonds is rapidly gaining relevance. According to Business Insider India’s estimates, the global synthetic diamond...

29 april 2019

De Beers only selling Elizabeth Bay Mine in Namibia, move to sustain operations beyond 2019

Namdeb Holdings, a 50/50 joint venture between the Namibian government and De Beers is not selling Daberas, Sendelingsdrift and Southern Coastal mines in the southern African country. It had been alleged that Namdeb was planning to close and offload...

22 april 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