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

Russia and India sign MoU on diamond industry development

14 august 2019

Indian Minister of Trade and Industry Piyush Goyal led the largest Indian business delegation to pay a business visit to the Far East ahead of the 5th Eastern Economic Forum, which will be held in Vladivostok from September 4 to 6, according to media reports.
Following the visit, the heads of the Far Eastern regions and Indian states signed the memorandums of understanding, among other things, on the development of the diamond industry in the Far East, according to TASS.
Representatives of India and the Far East also discussed opportunities for cooperation in the fields of energy, agriculture, logging, infrastructure, high technology and IT.
“Our visit marks the consistent interest of India in the Far East at the level of our government and regions. We attach great importance to the development of trade and investment cooperation. We have a common goal to reach $30 billion in bilateral trade. We also intend to increase India’s investment in Russia,» Piyush Goyal was quoted as saying.
The MoU on diamond industry development was signed by the Chairman of the Government of the Republic of Sakha (Yakutia) Vladimir Solodov and the Chief Minister of Gujarat, Vijay Rupani.
The state accounts for 72% of Indian jewelry exports. As part of the memorandum, India also intends to cooperate with Russia in the trade, economics and scientific-technical fields, says yakutia.24.
Previously, it was reported that two Indian diamond companies have already started working in Vladivostok, and two diamond-cutting centers are currently being formed in the Far East.
In 2018, diamond exports from the Far East amounted to 35.2 million carats worth $ 2.88 billion, and in the first half of 2019, the turnover of Primorye with India increased by 22% compared to the same period in 2018 and amounted to almost $26 million.
Country representatives will continue discussions on bilateral cooperation within the 2019 Eastern Economic Forum.

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