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

WFDB on-line trading platform takes industry by storm

27 may 2020
Just a month and a half after the World Federation of Diamond Bourses (WFDB) acquired the digital trading platform Get Diamonds from the Israel Diamond Institute, the platform has grown to become the world's largest B2B diamond digital marketplace.
Today the number of diamonds listed is over 1,200,000, with total value of over $5.5 billion, and the WFDB is investing great efforts to continue to grow the platform. The WFDB acquired Get Diamonds because it saw an urgent need for a diamond trading platform that would strengthen the trade, not profit from it.
As opposed to existing trading platforms Get Diamonds is the only one that is non-profit, independent and fully transparent. The slogan of the platform is “By the industry, for the industry.” 

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      Image credit: Get Diamonds

While fees are low, it is not free for users. However, the platform intends to reinvest profits into projects that support and grow the diamond trade, including generic marketing of diamonds. 
Yoram Dvash, newly elected Acting President of the WFDB and President of the Israel Diamond Exchange said, "The COVID-19 crisis has almost completely halted international travel and major industry events have been canceled. Diamantaires have traditionally based their business on visiting clients and attending international trade shows, but the pandemic has necessitated a change.
With the launch by the WFDB of Get Diamonds as an international platform we are offering the industry a transparent, convenient way to continue to trade worldwide. It is truly ‘By the industry, for the industry.’” In six short weeks Get Diamonds now offers stones of over one million carats.
It has 3,500 registered suppliers and 26,000 registered buyers, most of which are retailers. To meet demand, Get Diamonds is being translated into several languages: English, Mandarin, Gujarati, Russian and Hebrew are already available and Arabic is on the way. The platform is now focused on expanding its outreach to retailers and is currently in negotiations with retail jewelry associations in the United States. 

Alex Shishlo, Editor of the Rough&Polished European Bureau