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...

Yesterday

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

Settling Issues Decisively

05 march 2012

Towards the end of last year, two significant developments took place where the KPCS and the issue of Marange diamonds were concerned: exports out of Marange were allowed subject to KP monitoring and certification; and the US, one of the most contentious parties in the debate, took the KP chair, Diamond World writes in its Weekly E-Post.
Several months later, after KP Monitors were satisfied about compliance, goods have even begun to flow out of Zimbabwe. However, one main issue still remains – US sanctions in place against Marange goods; leading to various difficulties for companies in the manufacturing centres dealing in those goods. Despite industry representations, US authorities remain immovable on removing the sanctions, we are told by industry veterans.
This puts the US representatives in KP, and the newly appointed chairperson Gillian A. Milovanovic in quite a contradictory position, to say the least.
The move to make the chain of custody assurance mandatory has been officially deferred for the moment. However, US jewellers continue to demand assurances from suppliers that they do not deal in Marange goods. It is a confounding situation, not merely a contradictory one. It is important for the KP chair and other authorities on the home turf in the US, to work out a solution. What is kosher for the goose, should in theory and practice be kosher for the gander as well. If not, KP’s standing and status will once again be called in question, which will be quite detrimental to the world diamond community.