Varvara Dmitrieva: The jewelry industry of Yakutia is distinguished by its creativity, unique cultural code and conservation of traditions

Varvara Dmitrieva, Associate Professor and Head of the Department of Precious Stones and Metals Processing Technologies of the North-Eastern Federal University, told Rough&Polished about the results of the Forum of jewelry Craftsmanship and the prospects...

16 april 2024

Valery Budny: There is no strategy and legislation in Russia enabling the full cycle processing of precious raw materials within the country

Valery Budny, Head of the Jewelry Russia program and CEO of the JUNWEX media holding, told Rough&Polished about the results of the meeting and pressing issues in the precious metals and precious stones (PMPS) and the jewelry sectors.

11 april 2024

Paul Zimnisky: Natural diamonds face the risk of eroding their appeal if constantly discounted

New York-based independent diamond and jewellery analyst and consultant Paul Zimnisky told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that the industry should do away with discounts. He said the industry should treat natural diamonds...

01 april 2024

Edahn Golan: Lab-grown diamond prices to continue declining

In an exclusive interview with Rough&Polished's Mathew Nyaungwa, Edahn Golan, proprietor of the eponymous Edahn Golan Diamond Research and Data, predicted that the prices of lab-grown diamonds would continue to decline, especially at the retail and...

25 march 2024

ADPA’s Ellah Muchemwa: G7 restrictions to bring extra costs from diamond mining to retail

The African Diamond Producers Association (ADPA), which has openly registered its disdain for the G7’s rough diamond trade restrictions, is of the opinion that the move will bring extra costs on all stages, from mining to retail. ADPA executive...

18 march 2024

Indian Company Shree Ramkrishna Exports is added in an 'International War Sponsors' list by NACP

18 september 2023

Ukraine’s National Agency on Corruption Prevention (NACP) has added 'Shree Ramkrishna Exports Private Limited (SRK)' to its list of international sponsors of the war, as per a Deccan Herald report.

Targeting SRK, which is one of India's leading diamond manufacturing and exporting companies, Ukraine has accused the firm of continuing to purchase rough diamonds from Russia and thus defying sanctions imposed on the country.

However, SRK has countered the allegations of NACP, claiming that it had consistently operated within the framework of the national and international guidelines, complying with all regulations issued by the UN, Office of Foreign Assets Control of the US Treasury, and other national and international authorities.

Incidentally, this comes just days after India persuaded the US and the West, at the 18th G20 summit in New Delhi, to accept a declaration that refrained from condemning Russia. Mentioning that SRK does not endorse or support any kind of war or conflict anywhere in the world, SRK also claimed that Ukraine targeted the company with an 'apparent intent' of tarnishing the image of the diamond industry in India.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished