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

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