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24.02.2015
Namibia-De Beers talks scheduled to end in June
isak_katali_x.jpgDe Beers and the Namibian government have been negotiating over a new diamond-sales agreement for quite some time now. The envisaged new deal would replace a 2007 agreement that allowed De Beers to sell the stones through the Namibia Diamond Trading Company (NDTC), a joint venture between Windhoek and De Beers. Namibia’s mines and energy minister Isak Katali told Rough & Polished’s Mathew Nyaungwa on the sidelines of a mining conference in Cape Town recently that the negotiations are now envisaged to end in June this year, if not earlier.

16.02.2015
The gemmological education is very important for the industry to build a sound and strong edifice
bakul_mehta_x.jpgThe Gemmological Institute of India (GII) plays an important role in the local diamond industry, offering a broad range of services, which include diamond grading and certification, detection of diamond treatments and identification of synthetic diamonds, as well as research and gemological education courses highly popular and widely recognized in the trade in India and abroad having trained more than 5,000 students. The GII runs the only gem and diamond-testing laboratory in Mumbai fully equipped with state-of-the-art instruments. Bakul Mehta, Chairman of the GII, answers the questions from Rough&Polished in the exclusive interview below.

09.02.2015
Let us go back to the magic – Stéphane Fischler
stephane_fischler_x.jpgOn February 1 to 3, Antwerp hosted the sixth Antwerp Diamond Trade Fair (ADTF) welcoming hundreds of buyers not only from the world’s established jewelry markets, but this time also from the markets, which until recently remained largely unexplored. In his address during the opening ceremony, AWDC President Stéphane Fischler said the ADTF was an important link in Antwerp's annual promotional and marketing campaigns. On the 2 of February, having arrived to Moscow to bid last farewell to Fyodor Andreev, ex-President of ALROSA, Stéphane Fischler gave an interview to Rough & Polished, in which, speaking about the Antwerp Diamond Trade Fair, raised a number of other issues of current concern to the global diamond industry.





Investigation of diamond fraud in Belgium

06.08.2013

Antwerp authorities recently announced a breakthrough in the investigation of a tiger kidnapping that took place on October 11, 2012 in Antwerp. At that time, three men entered the home of an employee of the Indian diamond company KIRAN BVBA. While the man's wife was kept hostage, he was forced to return to work and empty the vaults of the KIRAN offices in the Hoveniersstraat in the Antwerp diamond district. The total value of the stolen diamonds was estimated at $13 million.
Police investigations now indicate the tiger kidnapping could be staged by the alleged victim, the employee of KIRAN. The authorities believe the man was aided by a middle-man of Indian origin, who in turn hired an Armenian accomplice to execute the tiger kidnapping. The Armenian accomplice collaborated with two Chechen men.
Between July 22 and 29,  five people were arrested in connection with their alleged involvement in the case, the prime suspect - an employee at KIRAN, a man of Indian origin and three plan executors, an Armenian and two Chechens.
Four of them are in custody and are said to have confessed to involvement in the case.
The alleged middle-man of Indian origin was arrested at the Dutch airport Schiphol on July 30. Procedures to extradite the man to Belgium are currently ongoing.
Most of the stolen goods, estimated at a value of $8.7 million, were recovered during a recent raid in Antwerp.

Alex Shishlo, Editor in Chief of the European Bureau, Rough&Polished

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