Demand will pick up once the season starts

N Anantha Padmanaban took charge as the Chairman of the All India Gem & Jewellery Domestic Council (GJC) in January 2019. He has immense hopes and confidence in the Indian jewellery sector. His motto is to ‘ensure that after the day’s business...

14 october 2019

Prospects for discovering new diamond deposits in the Arkhangelsk Province are far from exhausted

ALMAZINTECH is engaged in technical auditing and comprehensive assessment of activities performed by exploration, diamond mining and gold mining businesses in Russia and other countries, as well as carries out research and development. It employs highly...

07 october 2019

Botswana Diamonds eyes expansion of Thorny River to include Marsfontein – Campbell

Botswana Diamonds, which has a 40% stake in Thorny River, through Vutomi, said there are plans to expand the project located in South Africa to include Marsfontein once a mining permit for the latter has been awarded. Company managing director James...

30 september 2019

Diamond knife and tender system: The tight-fisted paying twice?

LLC Kristalin is the only company in Russia that manufactures microsurgical diamond blades for domestic healthcare that meet international requirements and are used in ophthalmology, neurosurgery and plastic surgery. Mikhail Zhiltsov, the company’s Deputy...

23 september 2019

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

Starting from 2022 synthetic diamonds are to be marked with special codes - Russia’s Ministry of Finance

06 may 2019

news_06052019_minfin.jpegTo prevent the penetration of synthetic stones into the market of natural diamonds, the natural stones industry needs to support initiatives to classify synthetic diamond products for customs clearance under separate product codes.
This was announced by Deputy Finance Minister Aleksey Moiseev during a meeting with Alok Vardhan Chaturvedi, Chairman of the Kimberley Process, and Ambassador of the Republic of India to Russia D. Bala Venkatesh Varma.
“We hope that India will actively support our work at the national level, ensuring the adoption of separate customs codes for synthetic diamonds in India, tightening the regulation of the domestic market to ensure consumer protection. Russia has already passed a law prohibiting synthetics from being called precious stones,” Moiseev said.
According to him, the work to promote this initiative within the KP is under way, it includes the implementation of special 6-digit codes (HS codes) for synthetic rough stones and diamonds: 7104 21 and 7104 91 respectively. In March this year, within the framework of the WTO The Harmonized Commodity Description and Coding Committee meeting, the proposed changes were unanimously approved. A final decision is expected at the council meeting in June. In case of successful completion of the final stage, changes to the Harmonized System will take effect from January 1, 2022.
During the meeting, representatives of the two states also discussed other initiatives of the Russian side, which will become the KP chair next year, such as the creation of a permanent secretariat of the Kimberley Process as one of the key areas of the current organization reform and the creation of responsible supply chains.

Victoria Quiri, Correspondent of the European Bureau, Rough&Polished, Strasbourg