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...

Yesterday

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

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

ABN AMRO announces first financial loss in recent years

22 may 2020

abn_amro_logo.pngThe Dutch bank ABN AMRO, which also specializes in servicing the diamond and jewelry industries, reported a net loss in the first quarter of  €395 million, which is about two times higher than analysts' estimate. This is the first financial loss of the credit institution since 2013.
ABN AMRO's new CEO Robert Swaak said the losses were caused by significant damage due to two exceptional client cases, as well as 1.1 billion € provisions made to account for loans going bad amid the COVID-19 pandemic.
According to Swaak, ABN AMRO now intends to revise its global strategy with a focus on measures to combat money laundering and improve digital transformation.

Alex Shishlo, Editor of the Rough&Polished European Bureau