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We expect more consolidation happening and certain companies go out of business - it's a healthy development, where only strong and modern companies can survive - Erik A. Jens, AMRO BANK N.V.

Erik Jens comes with professional experience in banking, financing and investments. He has specialised in private wealth management solutions, investments in hedge funds, private equity and real estate industry. Erik Jens has also held various senior...

Today

On Optimism, Idiocy and Generic Diamond Promotion

Alex Popov is the Chairman of the World Diamond Mark Foundation (WDMF), which was established over two years ago in Hong Kong. WDMF has rolled out several generic marketing programs for jewelry retailers worldwide and three exclusive marketing programs...

18 july 2016

Eden Rachminov speaks about how to price and how to buy fancy color diamonds

Eden Rachminov, who is the founder and managing partner of Rachminov Diamonds, is considered as one of the world’s leading experts in fancy color diamonds, as well as the most ardent supporter of these gems. Rachminov published ‘The Fancy Color Diamond...

11 july 2016

Tanzanian women break new ground with gemstones value-addition

Having found small-scale mining demanding due to its highly physical nature and use of rudimentary tools, a group of women in Tanzania decided to join hands and start an association that add value to the country’s abundant gemstones. It’s just over a...

04 july 2016

You can’t fake that ‘magic’ of the real thing…

Armed with a degree in ‘Jewellery Designing’ from Central Saint Martins and a Diploma in Diamond Grading from the Gemological Institute of America, young Rachel Boston is a London-based jeweller and designer with a mind of her own and adequate talent...

27 june 2016

Investigation of diamond fraud in Belgium

06 august 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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