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

Turmoil brewing over proposed KP changes in 'conflict diamonds' definition

17 may 2012

The Indian gems and jewellery industry is set to oppose a proposal made by the Kimberley Process (KP) Chair from the United States to change the definition of “conflict diamonds”.
Ambassador Gillian A Milovanovic, who is the new KP Chair for 2012-13 wanted the definition to include rough diamonds that were connected to any kind of armed conflict or violent situations in the producing and trading areas.
"The US is trying to control the KP system. They (US leaders) have got the keys in their hands to bring the African countries like Zimbabwe under their control by implementing such vicious laws through KP. Indian industry will oppose it tooth and nail," an unnamed senior functionary of Gems and Jewellery Export Promotion Council (GJEPC) was quoted by The Times of India as saying.
He said the proposal to change the conflict diamond definition would have a far reaching effect on the diamond producing and trading countries across the world.
“We have to do this with extreme care, because if we try and expand it carelessly, we run the risk of weakening its foundations and undermining the viability of the structure itself," the GJEPC official said.
Another unnamed DTC sightholder was also quoted as saying that if the new definition for conflict diamond was accepted then trading centres like Antwerp, India, and Dubai would face a lot of problems, as even a small incident of violence over gems would be enough to declare it conflict gems.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished