Our main role is to inspire consumers to consider diamonds - Jean-Marc Lieberherr

With over 25 years of experience in a variety of leadership positions across many geographies, functions and businesses, Jean-Marc Lieberherr has more than 10 years’ experience as a diamond industry leader, which includes as a Board member of the World...

Yesterday

Training in diamond valuation is key for artisanal miners

Ian Rowe, the Executive Director of the Diamond Development Initiative (DDI) was appointed in September 2019, having joined DDI as Deputy Executive Director a year earlier. Ian managed field operations in Sierra Leone within this role and led...

02 december 2019

Kangalassi 2.0: Raising the living standards, creating new jobs

At the V Eastern Economic Forum (EEF) held in early September in Vladivostok, the Yakut company SAYBM signed a tripartite agreement with two agencies - the Far Eastern agency and the regional one - for attracting investments and providing export...

25 november 2019

We live in a new dimension of environmental responsibility carried by business

In mid-October, Moscow hosted the VIII Ecological Forum attended by representatives from the State, large industrial companies, scientific and public organizations. The forum delegates discussed the issues related to finding a balance between the socio-economic...

18 november 2019

De Beers’ GemFair delivering ‘positive impacts’ to ASM sector in Sierra Leone – David Johnson

GemFair, a pilot project developed by De Beers to create a secure and transparent route to market ethically sourced artisanal and small-scale mined (ASM) diamonds, is already delivering “important positive impacts” in Sierra Leone. Group head...

11 november 2019

Wages of diamond artisans slashed by 30%

09 august 2019
A survey conducted by Gujarat Diamond Workers Union (GDWU) found that diamond manufacturers have slashed workers’ wages by an average of 30% in the last seven months in Gujarat, India, as per a TOI report.
The President of GDWU, Ranmal Jillariya told TOI, “The worst-hit in the slow down are the diamond workers who, after pay cuts or being retrenched, are not being able to make ends meet. Around 4,200 workers have been rendered jobless in the last one year in Surat. The factory owners are also being indifferent towards them in times of crisis.”
While industry insiders term the present slowdown as one of the worst phases, many others like Babu Gujarati, president, Surat Diamond Association (SDA), see a glimmer of hope in the darkness. “A positive atmosphere is building up in the industry and we feel that the slowdown period will end soon. We are concerned about the workers and are ready to represent it with the unit owners and at the government level.”
The Report adds that during the 2009 meltdown, around two lakh diamond workers in Surat lost their jobs while as many as 400 diamond units had closed operations. Though, diamantaires are unsure when this phase will get over, a sightholder of De Beers said, “Surat’s industry is sitting on a huge stockpile of polished diamonds, which are waiting to be cleared. In such situation, there is no need to process new stones as the demand is subdued”.

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