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

Global Diamantaires Join Indians in Applying to Proposed Surat Diamond Bourse

18 august 2014

Diamond merchants from Belgium, Dubai, Israel and Hong Kong are among the 10,000 Indian diamond traders, merchants and manufacturers that have so far applied for membership in the Surat Diamond Bourse, reports the Economic Times cited by Diamondintelligence.com. The anticipated diamond exchange aims to facilitate trade in Surat, especially among the small- and medium-sized diamond companies that can't afford to establish themselves at the Bharat Diamond Bourse (BDB) in Mumbai due to the city's high costs of living and business.
"... Real estate is much cheaper (in Surat), the taxation structure is favourable and the entire processing activity is concentrated (there)," says Chandrakant Sanghavi, Gujarat regional director of the Gems & Jewellery Export Promotion Council (GJEPC), as quoted by the news source. According to Sanghavi, for small- and medium-sized diamantaires, costs would be lower by a third if they are based in Surat, enabling them to invest further in their businesses.
The proposed exchange has so far registered with the Indian government, which is said to be in the process of finalizing plans for the allocation of 200 000 square meters of land for the purpose of establishing the diamond bourse, Dinesh Navadiya, President of the Surat Diamond Association (SDA), told the Econonic Times. According to Navadiya, the project will take almost two years to complete at a total investment of around $327.4 million (Rs 2,000 crore).
In May, DIB reported that representatives of 50 Mumbai-based diamond companies had met to discuss relocating their trading offices to Surat from the BDB in the Bandra-Kurla Complex and had formed a 30-member committee to establish the SDB. On the committee's list of priorities is to press for the establishment of an international airport in Surat.  The SDB is expected to create jobs for an estimated 20,000-30,000 people.