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

AWDC made a statement in connection with the publication of the FATF report

07 february 2014

Antwerp World Diamond Centre (AWDC) issued a special statement in connection with the Financial Action Task Force (FATF) report on the situation with the transparency in global diamond business.
"It is not our intention to deny the possible occurrence of money-laundering activities in the diamond sector but rather to emphasize that presenting case studies in the report, which lack complete information from all actors in the industry is not representative and presents a skewed picture of the business," AWDC declared.
The statement points the need for all diamond trading centers work on common rules and equal conditions. It is noted that in Antwerp, as it states the FATF, are provided the highest level of business transparency and strict measures to combat money laundering.
FATF latest typologies report has concluded that the diamonds trade is subject to considerable money laundering and terrorist financing vulnerabilities and risks. The FATF is an inter-governmental body established in 1989 by the ministers of its member jurisdictions. It currently comprises of 34 member jurisdictions and two regional organizations, representing most major financial centres in all parts of the world.
The FATF and the Egmont Group of Financial Intelligence Units collaborated on a typologies research project to identify the money laundering and terrorist financing (ML/TF) vulnerabilities and risks of the “diamond pipeline”, which covers all sectors in the diamond trade: production, rough diamond sale, cutting and polishing, jewellery manufacturing and jewellery retailers.

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