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...

20 september 2021

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

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

Botswana’s Diamond-Export Slump Weighs on Economic Growth

10 february 2016
A slump in global demand for diamonds hit Botswana’s economic growth as exports of rough diamonds fell 39 percent to $2.41 billion in 2015, according to provisional data published by the Bank of Botswana cited by Rapaport.
“The continued slowdown of growth in the global economy, particularly in the major markets for our diamonds, has had profound impact on the domestic economy,” Kenneth Matambo, Botswana’s minister of finance and development planning, said in his budget speech for 2016 on February 1.
Matambo added that weakness in the diamond industry forced the Bank of Botswana to revise its 2015 economic growth estimate to 1 percent from 2.6 percent. That compares with economic growth of 3.2 percent in 2014. Supply challenges in the water and electricity sector weighed on growth, but the main catalyst behind the slowdown was mining, which dropped 14 percent in 2015 because of a cut in diamond production, he said.
Matambo projected that Botswana’s budget deficit will widen to 3.8 percent of gross domestic product (GDP) in the fiscal year that ends on March 31, largely a result of the slump in diamond output and prices.
Botswana is the world’s second largest diamond producer, according to Kimberley Process data, having been replaced from the top spot by Russia in 2014.
De Beers last week reported diamond production at its Debswana unit, a joint venture with the Botswana government, dived 16 percent to 20.37 million carats in the calendar year 2015. Debswana accounts for a vast majority of Botswana’s diamond production, with about 85 percent of its output sold by De Beers and the remaining by the state-run Okavango Diamond Company.
Rapaport estimates De Beers rough diamond sales plunged 44 percent to $3.7 billion in 2015 as demand nosedived in the second half. The slowdown influenced Okavango to cancel its final two sales of the year.
Botswana’s rough exports consequently plummeted 88 percent year on year to $114.1 million in the fourth quarter, its lowest level in a decade, according to the Bank of Botswana.