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...


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

ALROSA suggested to the Moscow Stock Exchange to start trading in diamonds

16 march 2016
(INTERFAX.RU) - ALROSA is negotiating the issue of diamond trading with the Moscow Stock Exchange, the company’s President Andrey Zharkov said speaking at the industry conference, “The Market of Precious Stones and Jewelry.”
“Diamonds have a certain investment appeal, so the company is also mulling the possibility of initiating diamond-based investment instruments in the Russian Federation. Currently, we are negotiating with the Moscow Stock Exchange about a possible launch of diamond trading on its platform,” Andrey Zharkov said.
Investment instruments as a new field of application of diamonds are “quite a popular topic.” “Diamonds have sufficiently high capital intensity, they are not subject to such a change in prices, as many other commodities,” the head of ALROSA said.
Several years ago, ALROSA was already considering the possibility to organize diamond trading on the exchange, attracting consultants (such as VTB and UK Leader). ALROSA and UK Leader signed “the letter of intent to develop an organized market of investment polished diamonds in Russia” in March of 2009.
The parties planned to create an infrastructure for the turnover of investment-quality diamonds considered to be “assets less susceptible to market fluctuations.” Among other things, the parties mulled over the creation of specialized instruments, in particular such as commodity market mutual funds, whose shares were to be secured by the value of investment quality diamonds. The idea, however, did not materialize.
According to Rapoport, RapNet Diamond Index (RAPI) for certified one-carat diamonds dropped by 5.8% in 2015. RAPI for three-carat diamonds fell by 14.5%.