Part 2: KPCSC wants Russia to help end impasse on new definition of conflict diamonds

In the first installment of this two-part exclusive interview with Shamiso Mtisi, the coordinator of the Kimberley Process Civil Society Coalition (KPCSC), we focused on illegal diamond mining in the continent and where the contraband ends up...

Today

Part 1: KPCSC gives insight into illegal diamond mining, trading in Africa

Although the diamond watchdog Kimberley Process (KP) prides itself for significantly reducing the flow of conflict goods since its establishment in 2003, the Kimberley Process Civil Society Coalition (KPCSC) alleged that illegal diamond...

18 october 2021

The jewelry industry in Russia needs to be upgraded in a serious way

Dina Nasyrova is a vice-president of the International Jewelry Exhibition-Congress J-1 recently hosted by the Atrium of Gostiny Dvor in Moscow. As a partner and the Muse of the famous jeweler Ilgiz Fazulzyanov, she actively participated in the preparation...

11 october 2021

Smiling Rocks, a philanthropic business model, inspires companies to work for betterment of the world

Zulu Ghevriya, the CEO and Co-Founder of Smiling Rocks, Founder of Vedantti Jewellery and Managing Director of Prism Group has been in the diamond and jewellery industry for over 20 years. Zulu started his business, Prism Group, as a natural diamond...

04 october 2021

Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...

27 september 2021

GJEPC puts forward key pre-Budget proposals to Indian Government

22 january 2020

gjepc_logo_news.pngWhile India’s Union Budget 2020 will be tabled in the Parliament on February 1, 2020, the Gem & Jewellery Export Promotion Council of India (GJEPC) has put forward to the Central Government a few key pre-Budget proposals.
According to the GJEPC, these measures would help boost Gem & Jewellery sector that accounts for nearly $ 40 bln in exports; contributes 7% to GDP, 12% to merchandise exports and; employs a workforce of nearly 5 mln.
The key measures proposed include: reduction in import duty on Cut and Polished Diamonds and Gemstones from 7.5% to 2.5%; reduction in Import Duty on Precious Metals Gold/Silver/Platinum from 12.5% to 4%; amendments in Taxation Laws enabling the sale of rough diamonds in SNZ; tax and Import Duty Refund Scheme for Foreign Tourists in India. 
In addition, as E-Commerce in Gems and Jewellery Industry is growing rapidly, GJEPC suggests that jewellery, studded or otherwise, up to the value of $ 800 should not be considered as a precious item for the purpose of Courier Import Export Regulations. The GJEPC also suggests introduction of a Job Work Model in Diamond, Precious and Semi-Precious Stones Industry; and job work by Special Economic Zone (SEZ) units for DTA units, and sale of gems and jewellery items from SEZ to DTA units.

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