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

“The industry is under some pressure, and as we all know, diamonds are formed under great pressure!”, says Dr Martin Leake

A veteran in the field of precious stones, Dr Martin Leake a doctorate geologist had worked for 22 years with BHP Billiton; and also set up a world-class marketing unit for Grib Diamonds in Antwerp. Later, as an Independent Consultant, Dr Martin Leake...

09 september 2019

Recovery of diamond industry within a year if end-consumer demand holds – Zimnisky

An independent diamond industry analyst and consultant said the natural diamond industry will be in a better position within a year time if end-consumer demand holds. Paul Zimnisky, CFA told Rough & Polished’s Mathew Nyaungwa in an exclusive interview...

02 september 2019

Working according to one’s weaknesses and strengths

Canon Jhaveri grew up watching his diamond-dealer father and uncle working with diamonds. The sparkles of the diamonds fascinated the young boy, who became more intrigued every time he visited his father’s office. After graduating in 2002, Canon Jhaveri...

26 august 2019

The diamond business is yet bright and has a good future in the coming days

Hitesh Patel, Managing Director of Dharmanandan Diamonds Pvt. Ltd., joined the family business in 1997 to help his father Laljibhai Patel, the founder of Dharmanandan Diamonds Pvt. Ltd. Egged on by its success, Hitesh set up the overseas presence of...

19 august 2019

CIBJO-IEG seminar at VICENZAORO focuses on technological solutions for sustainability and responsible sourcing

11 september 2019

With the global Gem & Jewellery sector being under pressure now to demonstrate that it is sourcing, processing and selling responsibly, numerous technological solutions are being developed currently. These came under the spotlight during a seminar on September 9, 2019, at the VICENZAORO show in Vicenza, Italy, organized by CIBJO and hosted by the Italian Exhibition Group (IEG), as per a press release from CIBJO.

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Image credit: CIBJO

 
At the seminar, endorsed by the United Nations Economic and Social Council (ECOSOC) to support Corporate Social Responsibility and sustainability in the jewellery sector, Marco Carniello, Director of IEG’s Jewellery and Fashion Division revealed that the seminar this September marked the 10th year of cooperation between CIBJO and Italy’s leading jewellery trade show organizer. More than 1,300 companies worldwide already certified by compliance organizations after monitoring by independent auditors, but many small and medium-sized companies find it challenging to follow suit. The technologies discussed at the seminar are largely being developed to address these challenges.
Opening the seminar, CIBJO President Gaetano Cavalieri said: "CIBJO is committed to the development of an ethical and sustainable jewellery industry, which sources its raw materials in both a responsible and transparent manner. As we reiterated in the new Responsible Sourcing Blue Book which was approved earlier this year, we believe that all participants should do due diligence to the best of their ability. At the same time, we also insist that no ethical members of our community be discriminated against because they currently lack the resources necessary to implement a full compliance system. It is for this reason that we view the development of technological solutions as being so important.”
The panel of speakers, which was moderated by Erik Jens, vice president of CIBJO’s Responsible Sourcing Commission, represented a cross-section of this growing industry service sector, providing solutions to industry participants at all stages of the chain of distribution, from the mine to the retailer.

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