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WDC Committed to Ongoing Changes at 2018 KP

New York: The World Diamond Council (WDC), an industry group focused on preventing conflict diamonds from entering the legitimate global supply chain and protecting the value of natural diamonds, reaffirmed its commitment to driving ongoing positive change through reform at the 2018 KP Intersessional meeting held

De Beers Destroying Transparency: Rapaport

Mumbai: De Beers Group is refusing to allow its clients to disclose the legitimacy of diamonds from De Beers. In a Press Release received by G2J, Rapaport claims that all De Beers’ rough diamonds are now opaque. That’s 42% of the world’s legitimate diamond production

HRD Antwerp & Russia Sign Cooperation MoU

Antwerp: In the context of the KP Intersessional taking place this week, which has brought the diamond world to Antwerp, the Ministry of Finance of the Russian Federation, represented by the Deputy Minister of Finance of the Russian Federation Aleksey Vladimirovich Moiseev, signed a Memorandum

Eli Avidar Appointed President of Carats.io

Ramat Gan: The Board of Directors of Carats.io has announced that it has appointed Eli Avidar as president of the company. Mr. Avidar, who served until recently as managing director of the Israel Diamond Exchange and the Israel Diamond Institute, is currently vice president of

Antwerp Achieves Revolution in Polishing Process

Antwerp: The Scientific and Technological Research Center for Diamonds (WTOCD) is the collective research center of the Antwerp World Diamond Centre (AWDC), the umbrella organization for the Antwerp diamond industry. The WTOCD has developed a revolutionary technology that fully automates the diamond polishing process. This

UK Clears Extradition Process against Nirav Modi

London: India has been informed by the UK’s Crown Prosecution Service (CPS) that it can initiate extradition proceedings against Indian diamantaire Nirav Modi even though his exact whereabouts remain uncertain, a senior Indian official said today. According to The Times of India, the Central Bureau

CAR Appoints Peter Meeus as Adviser

The Central African Republic (CAR) has appointed industry veteran Peter Meeus as a government adviser, in line with the nation’s efforts to make its diamond sector compliant with global standards. Meeus (pictured), as international diamond specialist and special adviser, will help CAR with its attempts to

UK Court Orders Mallya to Pay Costs to Indian Banks

London: The UK High Court has ordered embattled liquor tycoon Vijay Mallya to pay a minimum of 200,000 pounds towards the costs incurred by 13 Indian banks in their legal battle to recover alleged dues. Last month, Judge Andrew Henshaw had refused to overturn a

Rare platinum, Perfect Gift of Love this Father’s Day

Mumbai: How do you honour a man who has been the constant pillar of strength and wisdom in your life? Who surprised you and pushed you to take risks, to explore beyond the norm and voice your thoughts – strong and confident. He grew with

DEF Hosts Record 2018 Diamonds Do Good Awards

Las Vegas: The Diamond Empowerment Fund (D.E.F) last week hosted its most successful Diamonds Do Good Awards to-date, held May 31 in Las Vegas. The funds raised will be used to provide higher education scholarships and assistance to empower young people living in diamond producing