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

India's Commerce Ministry allows foreign buyers to supply gold to SEZs free of charge

15 february 2024

In a significant move, the Ministry of Commerce and Industry has issued a notification, G.S.R. 105(E), amending the Special Economic Zones (SEZ) Rules, 2006. The newly introduced SEZ (Amendment) Rules, 2024, comes into force immediately.

Under the amendment, foreign buyers are now permitted to provide gold to SEZs free of charge for re-export.

This victory paves the way for enhanced trade opportunities, allowing for the free supply of gold from foreign buyers and its subsequent export back to the same foreign buyer. Vipul Bansal, Joint Secretary, has signed the notification.

The principal rules were initially published in the Gazette of India and were last amended through notification number G.S.R 881(E) dated December 6, 2023.

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