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

New MD of Rio Tinto Diamonds visits IDTC to hold discussions with GJEPC, BDB

29 february 2016
A delegation from Rio Tinto Diamonds headed by Simon Trott, MD, visited the premises of India Diamond Trading Centre (IDTC) within the Bharat Diamond Bourse (BDB). This was Trott’s first visit to the Bourse and the Special Notified Zone (SNZ), after assuming his new charge, reports gjepc.org.
The Rio Tinto Diamonds MD and his team held discussions with committee members of GJEPC and BDB on the current situation and various ways in which Rio Tinto and the Indian trade could work together.
Anoop Mehta, BDB President gave a brief overview of the IDTC-SNZ and its facilities for the delegation. He said that the SNZ has had an overwhelming response from the start and has been appreciated by the miners and potential buyers with premises booked for more than 200 days till December 2016.
Praveenshankar Pandya, GJEPC Chairman, made a presentation on the need for generic promotion and marketing of diamonds. He said that all major mining companies need to unite and allocate funds for this purpose, adding that the Council was willing to support these marketing initiatives in every possible manner.
The Indian diamantaires requested the mining companies, including Rio Tinto, to evolve a strategy to keep prices stable. They added that De Beers and ALROSA are working directly with India to keep stocks and price under control.
The GJEPC chairman said that Council is doing all it can to enhance the reputation of diamond companies with Indian banks. Bad loans and companies winding up undermined bankers' trust in the diamond sector.
The Rio Tinto team said it was of the view that both synthetic and natural diamond industries can co-exist but they should be clearly differentiated. The Indian industry representatives said it was important to enhance joint efforts for creating faster and cheaper detection technology.

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