GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

A customs code for differentiating natural and synthetic diamonds is adopted by EU

20 november 2019

The European Commission has adopted a new customs code to differentiate natural and synthetic diamonds, according to Diamond loupe.
This code, which has become part of the consolidated European combined nomenclature (chapter 71), will enter into force on January 1, 2020. It will be valid until January 1, 2022, when the customs code HS6, which was recently adopted by the World Customs Organization (WCO), begins to be applied at the European level.
The European Federation of Jewellery (EFJ) and its members have actively supported the adoption of a new customs code that will facilitate the monitoring of synthetic diamond flows in Europe. It will increase the efficiency of the Kimberley Process Certification Scheme.
The EFJ welcomed the recognition by the European Commission of the difference between natural and synthetic diamonds as a result of the adoption of a new customs code.
EFJ also considers it necessary to legally require retailers to properly inform consumers of the origin of the products they sell.
Therefore, EFJ will continue to advocate for the development of EU legislation introducing a distinction between natural and LG diamonds at the retail level in order to protect consumer rights through full disclosure of information on the products.

Alex Shishlo, Editor of the Rough&Polished European Bureau