Young Diamantaires: We create initiatives for the benefit of diamond communities worldwide

The World Federation of Diamond Bourses recently launched its Young Diamantaires website. The organization has worked for the past four years with young members of the diamond community all over the world to create a platform through which they can express...

29 june 2020

Those who implement the right anti-crisis strategies have more chances

It is not surprising that because of the pandemic and the crisis, the most heated debate in the jewellery industry is about what is happening and the possible ways of survival. Irina Slesareva, an expert, art director of the Russian Diamond Line contest...

22 june 2020

The secondary diamond market in Russia is not mature although its prospects are huge

Pavel Barannik, the founder and head of the Moscow Gemological Laboratory, the founder of the Gemological Institute and President of the Moscow Diamond Club, graduated from the Gemological Institute of America (GIA). He is an expert and consultant...

15 june 2020

Johan Erikson: The industry needs to spend more on advertising and marketing

First Element is a fully independent Diamond Services Company registered in Belgium, Botswana, South Africa and Dubai. First Element is committed to providing a world class diamond service aimed at adding value to the entire supply chain, from the daily...

08 june 2020

African diamond firms on COVID-19 response, recent developments

Rough & Polished recently contacted several diamond producers and exploration companies with operations in Africa to establish how their operations were affected by the Covid-19 pandemic and what they are doing to alleviate the impact. We also sought...

01 june 2020

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