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Last week, a federal appeals court ruled that one section of the Securities and Exchange Commission’s conflict mineral rule, its response to Sect. 1502 of the Dodd-Frank financial reform law, was unconstitutional.
Last week, Israel Diamond Exchange unveiled a new slogan: “Natural is real.” The slogan is a clever play on the word Israel, and a less-clever poke in the eye to lab-grown diamond producers, who do, in fact, produce real diamonds.
Industry leaders joined senior United Nations officials and representatives of UN-affiliated organizations for a special conference organized by CIBJO (World Jewellery Confederation), to discuss the commitment of the jewelry and gemstone business to facilitate sustainable development in the countries and regions in which it is active at the United Nations headquarters in New York. The […]
Basel – The Swiss Gemmological Institute SSEF in Basel has become the latest laboratory to create a machine designed to distinguish lab-grown melee diamonds from mined.
In early February, we ran a story about a new program called Sustainable in Style. Created by Scottsdale, Ariz.-based diamond company Avilan, the program pairs independents designers–Sofia Kaman, Toby Pomeroy and Megan Thorne among them–with Avilan’s “eco ethical” Storied Diamonds, which are recycled, or previously owned, stones.
Some further thoughts stemming from last week’s post on Antwerp and Zimbabwe.
The Financial Action Task Force’s (FATF) latest typologies report has concluded that the diamonds trade is subject to considerable money laundering and terrorist financing vulnerabilities and risks.
The internecine wars, which took place in the 1990s in Angola, the Democratic Republic of the Congo, Liberia and Sierra Leone, were largely bankrolled and fuelled by trade in conflict minerals, particularly diamonds.
An acquaintance of mine runs a small diamond business. He does not have a web site, nor does he have a Facebook page. He is not LinkedIn, would have no idea how to Tweet and, frankly, could not care less about social media marketing.
After two years of crisis, and then another year of renewed energy with the United States at its helm, the Kimberley Process this year was pretty unexciting. And that’s both good and bad.
(Bloomberg) – Diamonds from Zimbabwe’s Marange fields will be sold in Antwerp after the European Union lifted sanctions even as rights groups allege abuses at the mines and say revenue has financed President Robert Mugabe’s ruling party.
As diamond market participants are well aware, the central aim of the Kimberley Process Certification Scheme (KPCS) is to curb trade in conflict diamonds.