Diamond prices remain steady despite sanctions imposed against ALROSA -Zimnisky

Sanctions imposed against ALROSA only resulted in the smaller gem and near-gem quality goods outperforming other categories in recent months, according to an independent diamond analyst Paul Zimnisky. He told Rough&Polished’s Mathew Nyaungwa in an exclusive...

27 june 2022

Most people see great potential in the growth of LGD jewelry market

Currently Wayne Wang-Wang Yichun is the General Manager, LUSANT - Incubation Project Management Department of Yuyuan Jewelry Co., Ltd. He was the General Manager of Shanghai Yuyuan Jewelry Co., Ltd - A Fosun Group Company; and General Manager of international...

20 june 2022

De Beers sees good potential for exploration activities in Angola

De Beers recently signed two mining investment contracts (MICs) with the Angolan government for licence areas in the provinces of Lunda Norte and Lunda Sul. The MICs for the two licence areas are for the award and exercise of mineral rights covering...

13 june 2022

Ali Pastorini: The jewelry consumer does not evaluate the brand only by price

Ali Pastorini is the co-owner of Del Lima Jewelry and President of Mujeres Brillantes, an association that brings together more than 1,000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

06 june 2022

“We aim to bring in a different kind of a jewellery experience for the consumers,” says Vaishali Banerjee, Managing Director, PGI-India

Vaishali Banerjee made a shift from the advertising and marketing industry to the jewellery industry to create category awareness for a metal that was lesser-known in the subcontinent. Initially, it was all about category creation in a vibrant, mature...

30 may 2022

WDC Board extends terms of elected officers through to 2023

21 june 2022
Meeting in video-conference on June 16, 2022, the Board of Directors of the World Diamond Council (WDC) has decided that, in light of the unusual set of circumstances currently prevalent, including those precipitated by the COVID pandemic, the terms of President Edward Asscher, Vice President Feriel Zerouki and Treasurer Ronnie VanderLinden, which were scheduled to terminate this year, will continue into 2023.
According to WDC Bylaws, the President serves one term of two years, after which he or she is automatically succeeded by the serving Vice President. Mr. Asscher, who currently is in the second year of a two-year term as President, was scheduled to hand over to Ms. Zerouki, and the Board of Directors would have elected from among its members the next Vice President.
With the Kimberley Process suspending regular activities in 2020 because of COVID, meaning that the term of the current WDC leadership coincided with the term in office of one rather two KP Chairs, the WDC Board of Directors agreed that in the present situation it was appropriate to suspend the scheduled transition and election of new officers on an extraordinary basis until June 2023. This means that Mr. Asscher, Ms. Zerouki and Mr. VanderLinden will continue in their current positions uninterrupted through to next year.