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

Belgian-quality diamond boiling in Dubai from TRIGEM

Born in New York, David Zabinsky is CEO & Co-Founder of TRIGEM, an independent diamond service provider in Dubai. Before TRIGEM, David was Manager at Ras Al Khaimah Economic Zone, where he was responsible for securing North and South American investment...

05 november 2019

Pavel Shelkov: "Our project is an attempt to fit Russia into the global trend and create a new private company in the diamond industry"

At the end of September, Moscow hosted the Second Annual Conference, "Gold and Diamond Mining Companies of Russia and Europe." The audience showed great interest to the presentation made by diamond geologist Pavel Shelkov of Almazy Zapolyarya...

28 october 2019

The team that turns sleeping stones into beautiful polished diamonds

Maxim Zemlyakov is the Director General of ADMS OOO, a company cutting and polishing natural and synthetic diamonds in Oryol. He has been the Director General of Oryol-ALROSA since 2007. Before heading it, he worked as a grinder, cutter, instructor...

21 october 2019

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

India’s Second SNZ for Rough Diamonds to Open in Surat

06 november 2019

The Central Board of Indirect Taxes and Customs under the Ministry of Finance (Government of India), has granted approval to the Surat International Diatrade Centre (SIDC), a SPV ( Special Purpose Vehicle) set up by The Gem & Jewellery Export Promotion Council, to commence operations at India’s second Special Notified Zone (SNZ) for Rough Diamonds, as per a report in gjepc.org.
The move will give Surat-based SMEs in the diamond sector direct access to rough diamonds offered by the mining companies.
The new SNZ will be along the lines of the Special Notified Zone at Bharat Diamond Bourse, Mumbai that began operations in 2015.
SIDC will operate a facility in Gujarat Hira Bourse, Ichhapore Surat for the “import, trading & re-export of rough diamonds by notified entities”. The facility has a Strong Room and necessary commercial, security & related facilities. M/s Diamond and Gem Development Corporation Ltd. (DGDC) has been appointed as the custodian.
According to CBIC circular, the companies entitled to avail of the facility of consigning rough diamonds to India for viewing and sales from the SNZ shall be those as that are permitted vide RBI’s Circular No.116 dated 1.4.2014 as amended from time to time.

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