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...

Yesterday

The talk around LGDs is all hype

As a teenager, Luca Luterbacher began to design and manufacture single pieces and individual items for wealthy private family friends from Switzerland and Lichtenstein. In 2017, he finally invested in his own luxury trademark "Luterbacher."...

12 august 2019

Correct adjustment of advertising is the major challenge

At the recent Amberforum held in the Baltic city of Svetlogorsk, Andrey Yanchevsky, Head of the trade representation of the LA VIVION jewelery company shared his opinion with the correspondent of Rough&Polished on the state and prospects of the jewellery...

05 august 2019

Small-scale diamond mining is the future in Botswana – Leon Daniels

Pangolin Diamonds, which is currently the most active diamond exploration company in Botswana, has called upon authorities in the southern African country to include diamonds into the minerals permit for small scale mining operations. Pangolin chief...

29 july 2019

“There has been a strict policy in Israel against LGDs; have been forbidden on IDE trading floor for years.”: Aviel Elia, Managing Director- IDI

Aviel Elia, an attorney by profession, has served as Legal Adviser and Company Secretary of IDI since 2013. As a key member of the Israel Diamond Institute (IDI) management team, he has been involved in developing company strategy and negotiating...

22 july 2019

CIBJO President laid out comprehensive plan to promote responsible sourcing in jewellery industry

29 april 2019

cibjo_logo.jpgSpeaking in Paris to a plenary session of the 13th Forum on Responsible Mineral Supply Chains of the Organisation for Economic Cooperation and Development (OECD), CIBJO President Gaetano Cavalieri has delineated a comprehensive plan for promoting responsible sourcing practices throughout the jewellery, gemstone and precious metals sectors.
In his presentation, the CIBJO president pointed to factors that molded CIBJO's strategic approach. The greater jewellery industry is overwhelmingly comprised of SMEs, many of which are family-owned, he noted, pointing out that many of them are limited in the amount of resources and personnel they can commit to detailed compliance systems.
A key step step in CIBJO's programme was the release this January of its Responsible Sourcing Blue Book, which provides a framework and guidance for ethically sourcing gems and precious metals responsibly in the jewellery sector. It references the OECD's Due Diligence Guidance for minerals from high-risk areas, insists on compliance with the Kimberley Process Certification Scheme and the World Diamond Council System of Warranties, and it supports the United Nations Guiding Principles on Business and Human Rights.
A dedicated suite of due diligence tools will be available at no cost via the the new CIBJO online platform. Dr. Cavalieri explained, and helping CIBJO develop this service is the Coloured Gemstones Working Group, facilitated by the Dragonfly Initiative. The Dragonfly Initiative is an advisory firm that supports businesses in the precious metals, gemstones and raw materials sectors create interconnected systems of environmentally, economically and socially responsible companies.
"Our ultimate goal is to support the principles expounded by the OECD and to introduce them to thousands of companies in the jewellery supply chain, so creating environments in which those companies may responsibly trade and manage the minerals they use," Dr. Cavalieri said.

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