Danger Signals
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Friday,May 18 2012 [ Issue 3 May/ 2012 ]
Danger Signals
Recent reports state that at the recent WDC meeting held in Vicenza, KP Chair Gillian Milovanovic mooted the idea of a wider definition of “conflict diamonds”. She would like it to cover not just diamonds used to fuel armed conflict, but a more general one, covering “other violence” as well.

The WDC, went a step further, passing a resolution supporting Milovanovic’s call, and penned down the basis of the change as: “diamond related violence in rough diamond producing and trading areas."

While the move to widen the definition had already sounded alarm bells in many quarters, WDC’s resolution has the diamond industry seeing red, no doubt. Both in terms of the danger it represents as well as the anger it has evoked.

It hardly requires any intelligence to realise that if the proposal is implemented, the US and its allies will have most of the countries involved in the diamond industry – from mining nations to manufactures centres -- at its mercy. So large is the leeway, that almost any act of violence in the rough producing/manufacturing world in any way connected to diamonds would be enough to evoke sanctions. This is a move that could have some serious ramifications that could put both the KP system as well as the legitimate diamond industries in many countries in jeopardy.

In this issue
IJ Jewellers Directory-NL
Profits were up by 126%
Standalone net sales drop 3%
The sales set many world records
The delegation was led by Minister of Mineral Resources of the Republic of South Africa
Gold demand up 16% in Q1: WGC[17 May 2012] Type: News
China is predicted to be the largest source of demand for gold in 2012
GSI NL
UBM India joins hands with eBay[16 May 2012] Type: News
Aims to educate jewellery retailers and manufacturers on e-commerce opportunities
The top lot was the Beau Sancy diamond
Around 31 companies to constitute the Pavilion
C Mahendra NL
Presents a silver plate in this recognition during Gala Dinner
This is the first time that WDC and CIBJO events are held together
Nirmal Bardia leads with highest votes again
Mr Tarun Malkani will take on the role beginning July 1
Security related issues for jewellers will be presented during the discussions
Jewellery sales rise 17%
Will launch the floating diamond collection, “Shining Stars”
Upcoming event
Palakiss   May 19 To 23, 2012
  Fiera di Vicenza Spa Via dell’Oreficeria
VICENZA ORO Charm   May 19 To 23, 2012
  Fiera di Vicenza Spa Via dell’Oreficeria
8th HITEX International Gems & Jewellery Fair   May 20 To 23, 2012
  Hyderabad International Trade Expositions Ltd.
14th Annual Las Vegas Gem & Jewelry Trade Show   May 28 To 31, 2012
  GLDA
 
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