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

Handy brochure on new company code at AWDC reception desk

09 july 2019

Brochures providing an overview of the main changes to the Belgian Company Code are now available at the AWDC reception desk.
These brochures have been created by the Belgian Employers Federation (FEB/VBO) and are available in English, French and Dutch (also digitally). 
The new Belgian Company Code entered into force on the 1st of May 2019. The aim of this new law is to make the legislation more flexible for entrepreneurs and to simplify the landscape for various types of companies. 
AWDC advises all diamond traders to consult their trusted advisor in the coming months to obtain practical advice about the new company code, its potential implications and new possibilities for your company and to enable companies to review their articles of association to ensure they are in accordance with the new law. 
Existing companies can already opt-in for the new legislation, but it does not apply automatically yet. A transition period for existing companies is foreseen to enable them to comply with the new legal framework. By the 1st of January 2020, the mandatory provisions of the new law will apply automatically and will override any potentially conflicting elements in the articles of association. Everyone needs to make sure their company bylaws are in conformity with the new law no later than 1 January 2024.

Alex Shishlo, Editor of the Rough&Polished European Bureau