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

Armenia puts up for sale more than half of valuables from state reserve

28 september 2021
On September 24, the Government of the Republic of Armenia approved the sale of the most illiquid valuables stored in the vaults of the State Treasury of Precious Metals and Stones supervised by the Ministry of Finance of Armenia, the ArmInfo news agency reported. The auctions will take place in 2022-2024.
Buyers will be offered rough and polished diamonds, gold, emeralds, and jewelry, the market value of which comes up to AMD 1.533 billion (over USD 3 million). The total value of the treasures kept in the country’s state reserve amounted to about AMD 2.156 billion (about USD 4.4 million) as of January 1, 2021.
To improve the efficiency of state reserves management, Armenia’s Ministry of Finance decided to keep only highly liquid precious ingots and items of high artistic value made of precious metals and precious stones, and this laid the basis for developing a plan to sell illiquid items from the country’s state reserve, ArmInfo said.
The auctions will be first conducted in the “classical” way (following the ascending price pattern), and then in the “Dutch” way (following the descending price pattern).

Vladimir Malakhov, Rough&Polished