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

DMCC stands by DDE’s commitment to transparency

19 june 2020

The DMCC (Dubai Multi Commodities Centre) on 18 July 2020 through an Official Statement sent to Rough & Polished, said that in January 2020, “Ernest Blom Diamonds Pty Ltd'  had commenced a DIFC Court proceedings against the Dubai Diamond Exchange (DDE) and other defendants, which included a claim for alleged damages. DMCC, appearing on behalf of DDE, opposed the claims.
Elaborating on the subject, the Statement mentioned that the case was listed for a hearing at the DIFC Courts on 4 May 2020.  On 3 May 2020, Ernest Blom Diamonds Pty Ltd formally withdrew its claims against DDE and the other defendants involved. The DIFC Court issued its judgment in favour of DDE and the other defendants on 19 May 2020, ordering Ernest Blom Diamonds Pty Ltd to compensate DMCC and the other defendants involved for the costs incurred by these legal proceedings.
DMCC’s statement also added that a commitment to transparency has been the cornerstone of the DDE and its success to date; and that securing the integrity of trade conducted on the DDE floor is of paramount importance, as is protecting the interests of its members. The DDE, a DMCC platform, will continue to connect markets, facilitate trade and grow the diamond industry backed by its robust infrastructure, stringent regulation and market confidence, it added.

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