“Consumer has a right to know if he is buying a natural or synthetic diamond.”
Image: Eva De Bleeker – Belgian State Secretary for Consumer Affairs – source: OpenVLD Today, the distinction between a natural and a
Israel-UAE diamond dealing thwarted by banking regulations
Diamond trading between Ramat Gan and Dubai was conducted more smoothly through indirect contacts before the Abraham Accords, industry sources say.
Why so many hate the Kimberley Process, but don’t leave
The Kimberley Process ends its virtual plenary today, and it looks like it will follow an all-too-familiar pattern.
“Diamond Foundry ads could confuse consumers”
Image: Diamond Foundry BBB National Programs’ National Advertising Division (NAD) has recommended that Diamond Foundry modify some of its advertising, to better
China cracks down on diamond smuggling
China has arrested 121 people suspected of bringing CNY 3.88 billion (around $570 million) in diamonds into the country through illegal channels
EU Commission will not legislate on synthetic diamonds
It is impossible to distinguish a natural diamond from a synthetic diamond with the naked eye: is it necessary to legislate to
Money laundering: new regulations for diamond traders
In Belgium, under the Anti Money Laundering Act diamond traders (including synthetic diamond traders) are obliged to report any suspicion of money
Belgium: tighter control over the diamond sector
The conditions for registering diamond intermediaries are tightened, while synthetic diamonds are now subject to a specific procedure.
“The dark side of the sparkling stone business” (according to some)
With blockchain technology the diamond industry wants to dispel doubts about the origin of the stones. But that is not enough for
“Banks must accept diamond dealers as customers”
The Belgian government is preparing a law on a basic banking service for companies. It is tailor made to the Antwerp diamond industry.