DiamondBuzz
JA, key industry persons met Washington officials on concerns about Russian sanctions
Jewelers of America (JA) and key industry figures met with lawmakers in Washington, DC, last week to express their concerns about plans for sanctions on Russian diamonds.
Jewelers of America (JA) and key industry figures met with lawmakers in Washington, DC, last week to express their concerns about plans for sanctions on Russian diamonds.
“JA has been working tirelessly behind the scenes, and this visit to Washington, DC, was a critical step to ensure we minimize unnecessary disruptions to the US diamond industry,” JA president and CEO David Bonaparte said in a statement Tuesday. “We are very concerned about the additional requirements that could take effect on September 1.”
These would include adopting a European Union proposal forcing all 0.50-carat and larger diamonds destined for Group of Seven (G7) markets to pass through a single import channel in Belgium, Bonaparte noted.
JA supports efforts to keep diamonds of Russian origin out of the supply chain, including the more stringent rules that went into effect on March 1, it said. These require importers to self-certify that diamonds of 1 carat or larger are not Russian, notwithstanding their having been manufactured in a third country.
However, mandating physical verification and certification in Belgium for all rough diamonds “would cause maximum damage to the global diamond and jewelry supply chain, while having minimal effect on Russia’s diamond revenues,” JA argued in the statement.
Joining Bonaparte on the visit were Jon Bridge, chairman and counsel emeritus at Ben Bridge Jeweler; Dave Meleski, president and CEO of Richline Group; Matthew Swibel, vice president for sustainability and social impact at Signet Jewelers; and Ronnie VanderLinden, immediate past president of the Diamond Manufacturers Importers Association of America (DMIA) and president of the International Diamond
DiamondBuzz
Botswana and Angola Join WFDB As Nation Affiliate Members At Recently Concluded WFDB Summit
Bharat Diamond Bourse Postal Stamp Presented to Hon. Bogolo Joy Kenewendo, Minister Of Minerals and Energy, Botswana
Mehul Shah, Vice President of the Bharat Diamond Bourse, presented the official stamp released by the Department of Posts, Government of India, to Hon. Bogolo Joy Kenewendo, Minister of Minerals and Energy, Republic of Botswana during his visit where he represented the Indian Diamond Industry at the World Federation of Diamond Bourses Summit. of India to Hon. Bogolo Joy Kenewendo, Minister of Minerals and Energy, Botswana. Honorable Minister showed heartfelt appreciation during the presentation and reiterated the excellent relationship the Republic of Botswana shares with India.
On the Summit, Mehul Shah opined:
“I am very happy that Botswana and Angola have joined the WFDB as Nation Affiliated Members, broadening the Federation’s international representation and deepening engagement between producing countries and the global manufacturing countries. It was also a pleasure to meet Hon. Minister of Minerals and Energy Ms Kenewendo and present her the Bharat Diamond Bourse Stamp.“
Shah also invited mining entities present to visit the world class infrastructure housed within Bharat Diamond Bourse, the India Diamond Trading Centre [IDTC] to view and tender their respective Rough diamonds. He said that by doing this hundred of BDB members will save time and money on travelling to buy rough and in turn the tendering companies will get a good price benefit. IDTC is a 100% securitised ecosystem with viewing rooms, vault facilities and efficient IT systems including WIFI.
The World Federation of Diamond Bourses (WFDB) concluded its International Summit in Gaborone, Botswana. The summit brought together senior government representatives, industry leaders and stakeholders from across the global natural diamond value chain to examine the sector’s future amid shifting market dynamics and evolving consumer expectations.
Held in collaboration with Botswana’s Ministry of Minerals and Energy under the theme “Nation-Building and the Future of Responsible Luxury”, the summit focused on the long-term positioning of natural diamonds, including provenance, beneficiation, transparency, traceability, sustainability and value creation across producing nations and trading centers. The gathering sought to reinforce consumer confidence, standardise in grading & certificates and strengthen the value proposition of natural diamonds within an increasingly competitive luxury landscape.
Signet The Biggest-Grossing Jeweller In North America By Far In 2025
MCX Gold Futures For June Delivery Slip , Geopolitical Uncertainty Keeps Bullion in Focus
SMR Jewels Limited’s IPO To Open On May 26, 2026, Price Band Set At ₹ 128 – ₹ 135 Per Equity Share
Signet The Biggest-Grossing Jeweller In North America By Far In 2025
MCX Gold Futures For June Delivery Slip , Geopolitical Uncertainty Keeps Bullion in Focus
SMR Jewels Limited’s IPO To Open On May 26, 2026, Price Band Set At ₹ 128 – ₹ 135 Per Equity Share
-
International News18 hours agoSignet The Biggest-Grossing Jeweller In North America By Far In 2025
-
National News19 hours agoMCX Gold Futures For June Delivery Slip , Geopolitical Uncertainty Keeps Bullion in Focus
-
National News20 hours agoSMR Jewels Limited’s IPO To Open On May 26, 2026, Price Band Set At ₹ 128 – ₹ 135 Per Equity Share
-
BrandBuzz2 days agoForevermark Diamond Jewellery Unveils Avaanti: A Celebration Of Life’s Never-Ending Symphony
JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.