VTB submits proposals to Russia’s Ministry of Finance to stimulate the circulation of polished diamonds in the country

Andrey Kostin, Chairman of the Board of VTB Bank considers it right to exempt from VAT not only the purchase and sale of diamonds by individuals, but also the sale of precious stones by diamond miners to banks and the public, the Vedomosti news daily...

Today

Sarine Technologies rolls out new Pay Per Value Service

Sarine Technologies announced that its Galaxy® family of scanning and inclusion mapping systems is now offering a Pay Per Value (PPV) service, the company said in a press release received by Rough&Polished.  

Today

Fruchman Marketing believes jewelry sales this year may be 4%-8% higher than in 2021

The jewelry marketing experts at US-based Fruchtman Marketing view jewelry sales this year go up by 4%-8% over 2021. In support of this projection the jewelry consultancy says there are important factors at play.

Yesterday

Get-Diamonds returns to JCK Las Vegas

Get-Diamonds.com, the world’s largest B2B online platform for listing polished diamonds, owned by the World Federation of Diamond Bourses (WFDB), will return to the JCK Show in Las Vegas next month. At the show, the online platform will introduce...

Yesterday

India sees overall decline in diamond exports in April

The official statistics released by GJEPC shows overall decline in the country’s diamond exports in April 2022. Thus, the export of polished diamonds fetched US$ 2159.64 million against US$ 2221.81 million a year earlier or down 2.8%. The country...

Yesterday

5 Tips for Navigating Hard Luxury in China

11 may 2022

(jingdaily.com) - The sparkle has returned to hard luxury in China. According to Bain, jewelry and high-end watch spending has increased by about 35 percent and 30 percent, respectively in 2021. Growth obviously varies across brands, but Swiss watch exports reported strong growth in 2021 (48.8 percent over 2019). It is this market momentum that reflects changing dynamics within the hard luxury category: its transformation is disrupting traditional brand-consumer relationships. Clearly, this is a wake-up call for jewelry and watch companies to align best practice with a market reality in rapid flux.