The need for significant capital investments will be the main trend in the diamond mining industry in 2021-2030

The prospects of the diamond industry in the post-crisis period are discussed by the Rough&Polished correspondent with Sergey Mityukhin, Candidate of Geological and Mineralogical Sciences, Honored Geologist of the Russian Federation.

Yesterday

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

CIBJO Congress 2019 in Bahrain concludes

21 november 2019

cibjo_logo.jpgThe 2019 CIBJO Congress concluded in Bahrain, with the World Jewellery Confederation’s Board of Directors voting to establish a series of new committees. One among them was to focus on operating practices, specifically to the laboratory-grown diamond trade; and another to focus on impacts of new technologies on the jewellery, gemstone and precious metals sectors.
According to the Board, the Laboratory-Grown Diamond Committee will operate under the umbrella of the CIBJO’s Diamond Commission. It is being created from an ad hoc working group, which was established at the 2018 CIBJO Congress in Colombia; and over the past year prepared a guidance document that was present at a session in Bahrain. The working group included CIBJO officers and officials, representatives, both the laboratory-grown diamond sector, the natural diamond sector and a leading gemmological laboratory.
CIBJO’s objective in creating the Laboratory-grown Diamond Committee was to formulate a set of working rules that will enable the natural and laboratory-grown diamond sectors to work alongside each other, and grow and flourish but not at the expense of the other, and maintain the consumer’s trust and confidence.
The new Technology Committee will draw on expertise from across the jewellery sector, with the goals of developing understandings of the disruptive technologies that are likely to impact the industry in the coming years. Among them is Artificial Intelligence (AI), which could be transformative for the jewellery and gemstone sector, because it takes over decision-making functions that to date have been performed by people. 
The third new committee established by the Board will be charged with fundraising for CIBJO.
CIBJO’s new Board of Directors were sworn in 2019 election, with Dr Cavalieri, President being confirmed for another two-year term in office. Two new vice presidents were elected to serve along the CIBJO’s long-time Vice President Roland Naftule. They are Jonathan Kendall of the De Beers Group of Companies and Pramod Agarwal, the current Chairman of India’s Gem and Jewellery Export Promotion Council.

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