Diamonds: Looking for CAR Diamonds in Dubai and Gemesis Becomes Pure Grown Diamonds
Eye on Dubai
Dubai has seen phenomenal growth in the diamond business in recent years, mostly due to its free-trade zone and hands-off government, which is determined to increase its influence over the industry.
A recent controversy, however, is threatening to taint the city’s image. In June, Antwerp World Diamond Centre, the Belgian industry group and Dubai rival, announced that local authorities had seized a parcel of diamonds from the Central African Republic, currently in the midst of a civil war. The Kimberley Process has banned gems from CAR since May 2013.
Antwerp authorities said the shipment came from a trader known to deal in CAR diamonds; held the same amount of goods as seen in past, legal exports; and matched a “digital footprint” of goods from that country. While the AWDC did not name Dubai in its statement, it pointedly criticized other centers for having “i
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