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

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Belgian tax police requires diamantaires to pay taxes

31 august 2012

Belgian special tax inspection gave written notice addressed to at least 550 Belgian diamantaires having undeclared accounts at a branch of the British bank HSBC in Geneva, stating that these holdings are equal to their income and therefore taxable, local media reported.
The Belgian tax authorities had previously requested the representatives of the Antwerp diamond community to provide explanation for the origin of the hidden Swiss treasury capital of more than €1.2 billion, but most of diamantaires still keep silence.
Meanwhile, failure to cooperate with tax authorities threatened them with criminal prosecution. According to media reports, the tax office requires diamantaires to pay for their undeclared bank deposit taxes in the amount of 50% as well as a fine.
This is a "reasonable discussion between tax authorities and taxpayers," assured for his part the lawyer of the federation Antwerp diamantaires Axel Haelterman, according to the media.
According to the Flemish newspaper De Tijd, Special tax inspection has already opened a file for the tax evasion in respect of almost three hundred industrialists from Antwerp, while the city embeds diamond community counting about two thousand people.
Belgian tax authorities became aware about concealing money in July 2010 when they received the confidential banking data of 800 Belgian depositors of HSBC, kidnapped and then disclosed to the French investigating authorities by a former programmer of the bank, who fled to his homeland in France. In Switzerland he became the subject of investigation on suspicion of violating bank secrecy and communication of information to third parties.
Antwerp is the global diamond centre which sees passing of about 80% of all globally produced rough diamonds and approximately 50% of polished diamonds.

Alex Shishlo, Editor in Chief of the European Bureau, Rough&Polished