GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

Kimberley Process Meeting Gets Underway in Namibia

24 june 2009

Diamond-producing nations began a three day meeting here under its Kimberley Process scheme. Namibia, which currently heads the process, is hosting, RAPAPORT reported. "Our aim is to curb the flow of illicit trade and we must continue to strengthen the security system and improve our internal controls," the group's chairman Bernhard Esau told the 200 delegates at the opening ceremony.
The Kimberley Process aims to certify diamonds to prove to buyers that they are not linked to violent conflicts, but the process has come under criticism for lax enforcement, particularly in Zimbabwe and Venezuela. Esau earlier this year rejected calls from rights groups to suspend Zimbabwe due to reports of forced evictions and other rights abuses from the eastern Marange diamond fields.
The World Federation of Diamond Bourses in April banned the sale of diamonds from Marange, but Kimberley has resisted taking a tough stance. "There are still gaps that can be strengthened in order to intensify the central inflow of illicit diamonds illegally exported from Zimbabwe," Esau said, while insisting that Kimberley Process had been "hands on with regard to the illicit diamonds from Marange."
Esau also said Kimberley Process was ready to work with Venezuela, which voluntarily withdrew in September, three years after the country had stopped reporting its diamond production and sales as required by the certification scheme. "We will assist and support them to develop action plans to implement minimum standards of the Kimberley Process certification," he said.
Most diamond mining in the South American country is conducted by small-scale miners who are supposed to belong to cooperatives that submit monthly reports to authorities. The rights group Partnership Africa Canada (PAC) sent a mission to Venezuela in May and found that diamonds are still being mined and smuggled into legitimate markets with the knowledge of authorities, despite the suspension.
"In condoning the status quo, the Kimberley Process has become an active party in an overt diamond smuggling enterprise," PAC said in its report. Global Witness also pointed to worries over smuggling, money laundering and human rights abuses in the world's diamond fields. "The clock is running out on Kimberley Process credibility," said Global Witness's Annie Dunnebacke.
"The work it was set up to do is vital -- it would be scandalous if uncooperative governments and industry succeeded in hobbling it into ineffectiveness." Other countries of concern were Lebanon and Guinea, which were exporting significantly more gem-quality rough diamonds than they import, Global Witness said.
The Kimberley Process emerged from global outrage over conflicts in countries like Liberia and Sierra Leone, where hundreds of thousands died in conflicts largely funded by the plundering of wood and diamond resources. Now the Kimberley Process covers about 99.8 percent of the world's production of rough diamonds, with 49 members representing 75 countries working within the scheme.
Under Kimberley, rough diamonds are sealed in tamper-resistant containers and required to have forgery-resistant, conflict-free certificates with unique serial numbers each time they cross an international border.