Unifying role is the main objective of the National Gemological Association

Yuri Shelementiev runs the Gemological Centre (GC) at the Moscow State University and is a president of the National Gemological Association (NGA) uniting the gemologists of Russia. The head of the MSU’ GC and the NGA answered the R&P’s...

15 july 2019

“Our goal is to bring clarity to the offering of Lab Grown Diamonds”, asserts Chris Casey, President, Lab Grown Diamond Council

Chris Casey is a 15-year veteran of the diamond and jewelry industry.  Chris also has extensive experience in market research as Founding Managing Director of the NPD Diamond and Diamond Jewelry Service where his responsibility included the...

08 july 2019

Dr. Michael S. Krzemnicki: Our dedication to scientific research is an important foundation to our expertise

Dr. Michael S. Krzemnicki, PhD, Director of the Swiss Gemmological Institute SSEF, in an interview with R&P told about the activities and plans of one of the world's leading Gemological laboratories specializing in scientific research of diamonds...

01 july 2019

“Lab-Grown Diamonds is probably the biggest scam this industry has ever seen,”: Leibish Polnauer, Founder-President, Leibish & Co.

An interesting story from the Leibish & Co takes you way back to the year 1979 when young Leibish Polnauer, then a diamond polisher, was travelling to London, having just found out that the factory at which he worked had been shut down. He found an advertisement...

24 june 2019

Botswana mining industry players speak on speculative exploration licences

Speculative mineral exploration licences was a recurring theme from presentations made by three players in Botswana mining industry at a conference convened in Gaborone. The country has issued thousands of exploration licences, across the mining industry...

17 june 2019

Indian gold tax hike to boost business in UAE

08 july 2019
After the Indian government increased excise on gold and precious metals from 10 to 12.5%, industry analysts in the UAE are looking at a golden opportunity for UAE retailers in increased sales.
The Indian gold & jewellery industry on the other hand fear that the raise from 10 to 12.5% hike could dampen retail demand and boost smuggling in India. However, the UAE operators’ spirits are high, hoping for potential influx in Indian business.
Most jewellery retailers in UAE think that with India raising its import duty on gold to 12.5 percent is good news for the UAE jewellery industry, as Indians living there as well as Indian tourists will find the UAE prices rather attractive and increase their purchases.
In India however, the gold as well as the gem & jewellery industry organizations are up in arms, asking the government for a review. They argue that the additional import duty for gold will hurt the domestic gold and jewellery market and promote illegal gold businesses, which is detrimental to the economy.
Historically, jewellery sales account for 75 percent of the total gold demand and sales and bullion sales accounting for the remaining 25 percent sales in the Indian market.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished