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

Eduard Gorodetsky: Currently we see high demand for synthetic diamonds for use in technology segment rather than in jewelry

Director General of the Advanced Synthetic Research Center Eduard Gorodetsky told Rough&Polished about the current situation at the company, new exclusive technologies in the synthesis and production of lab-grown crystals, as well as the Research Center’s...

11 march 2024

GJEPC reaffirms commitment to facilitating cooperation to address G7’s concerns

06 october 2023

The Gem & Jewellery Export Promotion Council (GJEPC), the apex body of Indian gem and jewellery exporters, has reaffirmed its commitment to facilitating cooperation to address the G7’s concerns with regard to industry compliance.

The commitment from the industry comes following the visit of a high-powered delegation from G7 countries to Mumbai and Surat in the last week of September to learn more about the Indian gem and jewellery industry and to explore ways of helping it meet G7 sanctions requirements with minimal or no disruption to the sector.

The Group of Seven (G7) countries comprises Canada, France, Germany, Italy, Japan, the UK and the US.The team also had a very productive meeting with the commerce ministry along with leaders of trade where the way forward was discussed and both sides committed to finding practical solutions in future. They gained a comprehensive understanding of India’s diamond industry, its challenges, and potential solutions for compliance with G7 sanctions, said Vipul Shah, Chairman of GJEPC.

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