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

Super-rich are buying diamonds and rare gems during the pandemic

26 may 2020

Image credit: Mo YuenSheng (Pixabay)

During the time of crisis, the richest people have chosen to invest in ultra-rare gems as a 'safe' store for their wealth, says the Telegraph.
It says that fine jewelry seems to be in high demand amid the crisis caused by the coronavirus pandemic as many jewellers make special offers for their products. The demand for jewelry for birthdays and anniversaries also remains high.
Some jewelers say that their customers spend more money on gifts during the crisis than in the pre-COVID-19 period.
At the high end of the market, collectors continue to invest in rare gems, sometimes considering them to be the safest investment compared to the stock market or real estate, according to the Telegraph.

Alex Shishlo, Editor of the Rough&Polished European Bureau