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...

25 october 2021

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

Indian diamond industry stakeholders to discuss shutdown today

17 march 2020
Surat Diamond Association (SDA) has convened an emergency meeting of diamond industry stakeholders to take a call on shutdown on Tuesday, according to a TOI report.
Industry sources said all the four diamond bourses in Antwerp trading halls - Antwerp Diamond Bourse, Antwerpsche Diamantkring, Diamond Club of Antwerp and Vrije Diamnthandel - have been closed from Monday till further notice.

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                           Image credit: Surat Diamond Association

Antwerp and Israel are two important diamond trading centres directly connected with Surat and Mumbai. Small and medium diamond units procure their rough diamond supplies from diamond traders in Antwerp. It is estimated that about 30% of rough diamonds out of total $19 bln imported into the country come from Antwerp.
Surat Diamond Association (SDA) president Babu Kathiriya said: “About 50% of polished diamonds cut and polished in Surat are passed from Antwerp to different parts of the world. As the trading activity has been shut in both Antwerp and Israel, we have convened an emergency meeting of industry stakeholders to decide on the future course of action. Majority of diamond units have reduced working hours from 12 hours to eight hours and many are keeping their units shut on weekends to control diamond production."

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