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...

Today

“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

New Belgian Companies Code will enter into force on May 1, 2019

30 april 2019

awdc_logo.pngThe new Belgian Companies Code has been approved and will enter into force on May 1, 2019. The aim of this new law is to make the legislation more flexible for entrepreneurs and to simplify the corporate landscape, AWDC reported.
The Federation of Enterprises in Belgium has created an overview of the key changes in the new legislation. A brochure on the new Companies Code is available in English, French and Dutch. 
AWDC recommends all diamond traders should consult their trusted advisors in the coming months to obtain practical advice about the new Companies Code, its potential implications and new possibilities for the company, and to get their articles of association reviewed to ensure they are in conformity with the new law.
As of May 1, one may already opt-in for the new legislation. A transition period is foreseen for existing companies so they are in compliance with the new legal framework. By January 1, 2020, the mandatory provisions of the new law will automatically apply and will override any potentially conflicting elements in the articles of association. One must bring one's articles of association into accordance with the new law no later than January 1, 2024.

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