Archive

  • The Antwerp World Diamond Centre (AWDC) was acknowledged for their grant to the Diamond Development Initiative (DDI), an initiative dedicated to improving the social and economic conditions of artisanal, small-scale miners and their families.

    “AWDC has been a longstanding and reliable partner,” says Dorothée Gizenga, Executive Director of DDI. “Their support enables DDI to continue its efforts to formalize the artisanal and small-scale mining (ASM) sector in ways that benefit miners, their communities and local economies.”

  • In a major blow to the already struggling jewelry sector in India, the government might cut the threshold limit for the requirement of the permanent account number (PAN) or Unique Identity Code (Adhaar Number) in urban, and Kisan Credit Card number in rural areas for jewelry or bullion purchases between Rs 50,000-100,000 ($740-1,480), writes Business Standard. The Budget, announced Wednesday, is likely to further tighten the noose around black money after the demonetization of Rs 500 and Rs 1000 notes on November 8, 2016.

  • The Responsible Jewellery Council (RJC), which collaborates on responsible sourcing practices in the jewelry supply chain, has launched its, "New and improved self-assessment workbook to help kick-start 2017 for our members." RJC explains, "The self-assessment workbook helps members self-assess their performance against the RJC Code of Practices (COP).

  • Sustainability has entered the mainstream in a signficant way, with young companies often making it a prime selling-point while well-known retailers, consumer products giants, and tech firms cater to consumers who increasingly care about sustainability.

  • "As consumer expectations lean increasingly toward transparency, a brand’s dedication to sustainable business practices is more important than ever before," write Jen King for Luxury Daily in her report on the “Sustainability is the New Black: Consumers Expect Ethical Transparency” session at Luxury FirstLook: Time for Luxury 2.0 on Jan. 18. She writes, "Panelists from the jewelry, spirits and hospitality sectors discussed how their businesses approach corporate social responsibility.

  • "As a leading member of the U.S. Jewelry industry, we are writing to express our support for Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the corresponding Securities and Exchange Commission’s Conflict Minerals Rule.

  • Tiffany & Co. has unveiled a short film on its diamonds, highlighting their journey through Tiffany's vertically integrated supply chain from mine to their studio in Antwerp, from Antwerp to the company’s polishing workshops in Mauritius and their final journey to New York. The film gives the viewer unprecedented access inside from inside three critical junctures of the journey from responsible mining to sorting, marking, cutting, polishing, grading, setting – and finally, the famous Tiffany Blue Box®.

  • Diamond industry analyst Avi Krawitz presents his thoughtful analysis of the year that was in the diamond industry 2016: "The Year Trust Returned to the Diamond Trade".

  • The United States Kimberley Process Authority (USKPA) has elected Jerry Ehrenwald, president and CEO of the International Gemological Institute (IGI), to its Board of Directors. The authority controls the use of Kimberley Process certificates for rough diamond exports from the U.S. “We look forward to working with Mr. Ehrenwald and the IGI staff to fulfill this meaningful mission for the U.S. rough diamond industry,” said Dr. Martin Hochbaum, executive director and member of the USKPA board, in a statement.

  • Dorothée Gizenga, international development expert and human rights advocate, has been appointed to the Order of Ontario, the province’s highest honor. "She is the founding executive director of the Diamond Development Initiative (DDI) and has dedicated her work to international development and the eradication of blood diamonds," reads the announcement. 

  • The London Diamond Bourse (LDB) has announced that it is now a member of the Responsible Jewellery Council (RJC). This makes LDB the first diamond bourse in the world to join the standards and certification organization. The LDB said its council of management unanimously voted to apply to join the RJC and will now undertake an independent audit to achieve full RJC certification, LDB said in a statement. 

  • Today proves our determination to strengthen our efforts to prevent armed groups around the world from using trade in minerals to finance their activities and propagate conflict. This regulation will put into practice the EU's commitments to this effect. At the same time, no additional red tape for European companies that trade respecting the rules, while EU citizens can be assured that their purchases do not affect human rights in conflict-ridden countries."

  • The Kimberley Process (KP) Plenary held in UAE this week concluded with the announcement that  that it has appointed the European Union as its Chair for 2018. The EU will assume responsibility as KP Vice Chair in 2017 with Australia as Chair, and India will be the Vice Chair in 2018 when EU becomes the organisation’s Chair. Consequently, in 2019 India will become the KP Chair.

  • The World Jewellery Confederation (CIBJO) is celebrating its 90th anniversary this week in Armenia. Describing itself as the “United Nations of the jewellery business,” CIBJO represents the interests of all individuals, organizations and companies earning their livelihoods from jewelry, gemstones and precious metals. CIBJO is the oldest international confederation of national jewelry trade organizations. Its purpose is to encourage harmonization, promote international cooperation in the jewelry industry and to consider issues which concern the trade worldwide.

  • A major U.S. jewelry manufacturer and retailer Stuller and Dominion Diamond Corp. have partnered to bring CanadaMark melee diamonds to the U.S. market, writes Logan Sachon for JCK.

  • Earlier this week, Kimberley Process (KP) chair Ahmed Bin Sulayem issued a press release extending an, "Invitation to Civil Society to Attend [KP] Plenary", [civil society = NGOs] and also shared with the CSC a document providing an in-depth response addressing previous issues and concerns raised by the CSC at the beginning of the UAE KP Chairmanship ("Proposal for a Remediation Between the 2016 KP Chair and the Members of the Civil Society Coalition").

  • Last Friday, September 30, the second of three rough diamond valuation forums initiated by the current Kimberley Process (KP) Chair, Ahmed Bin Sulayem, was held in Antwerp.

  • The second Jewelry Industry Summit to advance sustainability and responsible sourcing initiatives will take place from January 29 to 30 in Tucson during the city's annual gemstones fair, organizers said. The meeting aims to build on the conclusions of the first summit held in New York in March where a broad range of issues and proposals were made. The New York summit concluded with a list of projects that various attendees committed to continue to advance.

  • The Antwerp World Diamond Centre’s “Diamond Pavilion” at the Hong Kong Jewellery and Gem Fair today was the scene for the world premieres of two new initiatives: AWDC’s “Diamonds & Antwerp, It’s in our DNA” campaign, and HRD Antwerp’s rebranded diamond grading certificates.

  • De Beers' Tango Extension Project a proposed open pit diamond mine being explored as a way of extending the life of Victor Mine, located in the James Bay Lowlands of northern Ontario, approximately 90 km west of the coastal community of Attawapiskat First Nation. They are undertaking engineering studies and pursuing environmental approvals for the development of this mine, supported by existing Victor Mine infrastructure, and will be consulting with local communities and First Nations as part of that process.

  • The World Diamond Council (WDC) gathered in New York City last week for the organization’s 12th Annual General Meeting (AGM), focusing on its proposed new Strategic Plan to guide the organization’s work through 2020 as it continues to serve as the industry voice in the KP. Hosted by the United States Jewelry Council (USJC) and with the support of Signet Jewelers, ABN Amro Bank, De Beers Group, Brinks, UL and JCK, more than 100 representatives from the diamond industry, government, civil society and media came together to study new proposals

  • Diamonds Unleashed, a “profits with purpose” company with a social mission solely dedicated to the causes of women, has joined forces with Serena Williams – one of the brand’s distinguished ambassadors – to launch a collection this fall exclusively on HSN, announced Diamonds Unleashed by Kara Ross today in a press release. The Diamonds Unleashed for Serena Williams jewelry collection will debut September 12, 2016 during New York Fashion Week. It will accompany Serena Williams’ new fall collection on the runway during her fashion show.

  • After years of discussion between the Antwerp diamond industry and the Belgian Government, in 2015 it was decided to introduce the “Diamond Regime” tax system, pending European Commission approval. Today the EC announced that the fiscal regime does not constitute State aid, and gave the green light to what has come to be known as the "Carat Tax". Implementation of this new tax regime will put an end to complex discussions between the Antwerp diamond industry and tax authorities on the control and valuation of diamond traders' stock.

  • ALROSA, the world leader in diamond mining, has become a member of the Responsible Jewellery Council (RJC) since 11 August 2016, writes RJC in a press release. "Consumers around the world are giving great importance to the origin of diamonds in jewelry. We believe it is important to demonstrate to the consumer that diamond mining is a socially responsible business that creates jobs, supports local communities and cares about the environment.

  • The Diamond Development Initiative (DDI) yesterday announced that it has received a $30,000 grant from the Diamond Empowerment Fund (DEF) to support the second year of programming at the mobile school in the mining village of Kankala, of the Kasai Occidental province, in the Democratic Republic of Congo. The Diamond Empowerment Mobile school was one of the first two in DDI’s “Sending Schools to Kids” remedial education program – offering children the opportunity to leave the mines and go back to school, w

  • Communities in the Marange diamond mining area have called on the newly-established Zimbabwe Consolidated Diamond Company (ZCDC) to halt operations, alleging it is worse than the previous mining firms, writes NewsDay. The government earlier this year terminated the operations of nine diamond companies following their failure to renew operating licences.

  • The Indian government has deferred granting permission to mining giant Rio Tinto to open a diamond mine in Madhya Pradesh, saying the plan endangers a dense forest area and a tiger corridor between the Panna Tiger Reserve and Nauradehi Wildlife Sanctuary, writes Live Mint. The project for forest clearance has been pending since 2014. Rio Tinto says there are 53.7 million tons of diamondiferous Kimberlite ore at the site, containing an estimated 34.2 million carats of diamon

  • In a major, even historic development, the United States will be guaranteeing loans to diamond manufacturers in Botswana. Overseas Private Investment Corporation (OPIC), the U.S. Government's development finance institution that, "mobilizes private capital to help solve critical development challenges and in doing so, advances U.S. foreign policy", has today issued a press release announcing a financial partnership to provide access to credit for Botswana’s diamond cutting and polishing industry.

  • New De Beers Group CEO, Bruce Cleaver, has highlighted the importance of relationships with all the company’s partners, saying they are the “cornerstone of the business”, the company stated in a press release citing his blog for the company website. Mr Cleaver, who took up the role on 1 July, said: “De Beers holds a unique position with consumers, our rough diamond customers, governments, communities and retailers ...

  • The Diamond Empowerment Fund (DEF), whose Diamonds Do Good Initiative seeks to tell positive stories behind diamonds by highlighting the collective good works of the diamond and jewelry industries in diamond communities and areas where the industry does business, has announced the launch of the “Diamonds Do Good” video messaging campaign – a series of three sixty-second videos. The videos will rotate on global websites such as Vogue, The Ne

  • It's not just the banks that are insisting on stricter compliance standards and diamond pipeline integrity, writes Avi Krawitz on Rapaport, but the largest mining companies and jewelry retailers too. The central themes of the recent World Diamond Congress of transparency, responsibility and sustainability precisely summarized the challenges facing the industry and what it has to aim for.

  • The World Federation of Diamond Bourses unanimously elected Ernie Blom for a third consecutive two-year term as president during the recent World Diamond Congress in Dubai, while Israel Diamond Exchange president Yoram Dvash was elected as vice president, reports The Retail Jeweller - India. Blom said he was delighted with the debates and decisions taken at the biennial meeting of the WFDB and International Diamond Manufacturers Association (IDMA).

  • According to the company's 10th annual Report to Society publication, investment by The De Beers Group of Companies in skills training for the local workforce and social projects increased 13 percent to US$52.5 million in 2015. De Beers also improved its environmental performance, with reductions in energy consumption and carbon emissions.

  • The Diamond Development Initiative (DDI), an organization dedicated to improving the working conditions and lives of artisanal diamond miners, is announcing the launch of the Maendeleo Diamond Standards (MDS), the organization anounced today in a press release. Maendeleo, the Swahili word for development and progress, is a fitting designation for standards that will ensure respect for human rights, for the environment and for community well-being, according to Dorothée Gizenga, Executive Director.

  • A De Beers proposal to let its closed Snap Lake diamond mine flood as part of its care and maintenance status has run into opposition from a local community in the Northwest Territories in Canada. The miner suspended operations at the underground mine last December with the forecast loss of more than 400 jobs saying poor market conditions made the Snap Lake operation unviable and it could remain closed for three years or more.

  • At the end of March, Apple released its third Conflict Minerals Report. Often these reports get praised when companies describe themselves as having achieved a “conflict free” status. Apple’s report, however, chooses not to use this description, and we think that’s a good thing. This term ... can be misleading. The reality is that supply chains, particularly in conflict-affected and fragile states, are fluid and ever-changing.

  • The Initiative for Responsible Mining Assurance (IRMA) has released a revised draft of its Standard for Responsible Mining statement for a 60-day review and public comment period ahead of the first-ever global certification program for industrial-scale mine sites, planned to begin in late 2016. The draft reflects input from more than 1,400 points of comment contributed by more than 70 organizations and individuals worldwide, including industry and technical experts.

  • On the one hand, a $3 billion diamond mining project, on the other, one of the world’s most beautiful wild beasts and nearly 1,000 hectares of pristine forest and other exotic flora and fauna face destruction. A decision on whether to allow Rio Tinto to explore for diamonds under the Chhatarpur forests in the central Indian state of Madhya Pradesh has been boiling for the past decade, but now could be approaching resolution with the government of India to decide its fate.

  • "Very few speak of the good diamonds have done for some of the poorest people in the world," write Mark Boston and Vinod Kuriyan in a blog article on GemKonnect. "Of the positive influence on communities in literally every single continent barring uninhabited Antarctica." With the world's attention grabbed by evils such as terrorists, people traffickers, sex slavers, and drug cartels that destroy millions of lives, good deeds don’t get the sort of publicity that evil does.

  • In his latest blog, Leibish Polnauer, President of Leibish & Co. Fancy Color Diamonds, speaks about the importance of corporate social responsibility and the firm's association with colored gemstone miner Gemfields, which he says is the leading supplier of responsibly mined gemstones and aims for its operations to have a minimal on the environment as well improving the lot of people in the surrounding areas. Meanwhile, its pink diamonds all come from Rio Tinto’s Argyle diamond mine since the firm has high standards.