Responsible business practices ‘no longer optional’, says WDC President Feriel Zerouki

The president of the World Diamond Council takes time out of her busy schedule to tell Rough&Polished readers about the critical work of the WDC. Zerouki, the first female present of the body, which includes all the important industry organizations among...

14 october 2024

James Campbell: Botswana Diamonds optimistic as it enters uncharted territory of using AI for mineral exploration

London-listed Botswana Diamonds has expressed optimism about the company’s use of artificial intelligence (AI) to scan the exploration database in Botswana to look for new mineralised deposits. Company managing director James Campbell told Rough...

07 october 2024

Artur Salyakayev: For me, happiness is freedom to make my ideas happen and create valuable products

Artur Salyakayev is an art entrepreneur, founder of the International Jewelry Academy (IJA) and the INCRUA jewelry company. He has initiated and developed successful projects in jewelry industry and services sector. He is also a leading expert...

30 september 2024

Paul Zimnisky: China key for sustained recovery in demand for natural diamonds, prices

The curtailing of upstream and midstream natural diamond production in the past months is starting to have an effect on prices, according to the New-York-based independent diamond and jewellery analyst and consultant, Paul Zimnisky. He told Rough & Polished’s...

23 september 2024

Vladimir Pilyushin: The jewelry market is not stand-alone and moves by the same laws as other markets

Vladimir Pilyushin is editor-in-chief of Russian Jeweler, a leading magazine about the jewelry industry in Russia. He told Rough&Polished about his view on the evolution of the jewelry industry in Russia and touched upon some of its problems.

16 september 2024

Russian Ministry of Finance condemns G7 diamond protocol ahead of KP meeting

01 november 2023

In a letter sent to the Kimberley Process (KP) chairperson Zhemu Soda, Russian deputy minister of finance Alexey Moiseev expressed disapproval of the diamond protocol proposed by G7 countries, arguing that it undermines KP's efforts and creates a redundant parallel structure.

According to the letter received by Rough&Polished today, the Russian Ministry of Finance has seen "consistent irresponsible attempts to undermine achievements of the KP" in 2022-2023, blaming Western countries to be the main actors behind such activities.

Furthermore, it said that these nations are "deliberately downplaying KP’s achievements and questioning its effectiveness", while attempting to sabotage the agenda of the plenary meetings, as well as to block the nomination of Belarus for KP chairmanship.

"The Western countries have launched a hatred campaign against Russia within the Kimberley Process, unscrupulously abusing the KP’s principle of open dialogue," says Moiseev.

He believes that sanctions and restrictive measures of the G7, if implemented, will essentially take the form of a structure parallel to the KP, and the exclusion of the largest global diamond supplier by volume from the market will lead to "market distortion".

Finally, Moiseev argued that "any attempts to accuse Russia of non-compliance" with the KP's principles "are completely groundless".

"Thus, in order to once again demonstrate to the KP Participants the full compliance of the Russian Federation with the KP minimum requirements, we would like to inform you of our readiness to host a review visit to Russia in 2024," - he said.

KP's next plenary meeting will be held on November 6-10 in Victoria Falls, Zimbabwe.

Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished