Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...

Today

GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

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Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

China’s gold demand to increase as investors seek safe assets

04 february 2016
China’s gold demand will keep expanding as investors seek safe assets and jewelry buying increases, says the China Gold Association. According to group data released on Feb 3, consumption in the country climbed 3.7 per cent to 985.9 metric tons in 2015 from a year earlier.
Demand rose as prices declined and investors allocated more wealth to the safety of bullion than to other financial assets, according to the association, which represents jewellers, refiners, banks, brokerages and miners.
Stock market turmoil, a weakening currency and the lowest global prices in almost six years have helped boost bullion buying in China. Swiss exports of gold to Hong Kong and the mainland jumped 87 percent in December from a month earlier, underscoring the flow of metal from west to east. Demand in Asia, which accounts for more than 60 per cent of global use, is fundamentally strong and should continue, RBC Capital Markets said this week.
While consumption increased in 2015, it was well below the record 1,176.4 tons in 2013, when a 28 per cent slump in prices spurred buying.
“Chinese people are treating gold more as a consumption item regardless of price so demand will continue to rise steadily,” said Jiang Shu, chief analyst at Shandong Gold Financial Holdings Capital Management Co., part of Shandong Gold Group, a mining company. “To repeat the buying frenzy in 2013 will be hard unless there’s a big move in prices,” he added.

Aruna Gaitonde, Editor-in-Chief of Asian Bureau, Rough & Polished