De Beers launches pilot service with limited scope, which provides an opportunity to diamond companies to sell certain types of rough diamonds on the online auction platform of De Beers.
In a statement De Beers indicates that the service will be available only to diamond companies "adhere to" standard auction sales of rough diamonds De Beers.
Executive Director of the Council for Responsible Jewelry practice (Responsible Jewellery Council, RJC) Endryu Boun (Andrew Bone) noted that the introduction of the sales of the standard is a positive step.
"This will not only attract more companies in the diamond sector to adopt more robust standards in conducting its trading activities, but also to ensure that the growing number of companies provided evidence of the purity of their business, using confirmation from third parties," - he said.
The service is available for individual stones weighing more than five carats or colored stones, and therefore, will cover a very small proportion of the diamonds sold to De Beers platform auction sales, which offers about 10 percent of the rough diamonds sold by the group.
This service also offers meeting the requirements of diamond companies a new channel to market and enables them to benefit from the knowledge, technology and De Beers distribution network.
"While this pilot project will represent only a very limited amount of what is sold on our platform, it gives us an opportunity to test the strength of the demand for such a service, - said the executive vice-president of the De Beers at auction sales Neil Ventura (Neil Ventura ). - This is another example of our approach to innovation in business and how we seek to respond and explore new opportunities. At the same time, introducing these stringent criteria for sellers, we hope that trade standards across the industry will continue to be high: only meet the requirements of diamond companies will be able to benefit from the sale of its precious stones, using our innovative and well-established model ".
http://royalpearljewelry.blogspot.ca/
1 comment:
A survey conducted by the Association of Chambers of Commerce of India (ASSOCHAM) in conjunction with the Thought Arbitrage Research Institute (TARI) suggests that the gem and jewelry sector of India needs both attention from State, and by the representatives of industry. This is necessary to ensure the development of innovations in design, technological processes and personnel training, which will allow the Indian jewelry sector to stand on the world stage. According to the results of the survey, its organizers also called for the modernization of the "unorganized" jewelry sector in India, which provides about 80% of domestic demand for jewelry.
According to the survey results, Preferences of buyers have changed dramatically due to globalization and due to the growing demand for innovative design. Therefore, for Indian jewelry manufacturers, it is time to apply new methods and begin research. Since unorganized jewelers make up a large part of the jewelry industry, India should develop its own brand in the global market to meet the growing international demand for branded jewelry.
Speaking about the importance of the renewed design, the authors of the study note: "To meet changing demands, innovations are needed, their absence can limit the world and domestic demand for jewelry."
It is also said that in the field of training the personnel of the industry it is necessary to abandon methods of almost centuries of antiquity. In the jewelry industry, about 0.46 million people work in India. It is expected that by 2020 their number will grow to 0.82 million, thanks to which more than 0.35 million new jobs will be created.
"The industry needs systematic and collective investments in the development of the skills of the personnel." Leaders of the jewelry industry need to create training programs. "Meanwhile, the government can organize national centers of excellence," the report concluded.
Post a Comment