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...

Today

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...

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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...

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

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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

China’s 2015 Polished Diamond Imports -14%

25 march 2016
China’s polished diamond imports declined 14 percent to $6.69 billion last year as the nation’s economy slowed and consumer sentiment dropped.
The country’s imports of polished fell in each of the first three quarters of 2015 from corresponding periods in the previous year, but picked up slightly in the final quarter, according to data released by the China Customs Information Center cited by Rapaport.
The news comes after a similar-sized decrease in polished imports into Hong Kong in 2015.
Jewelry retailer Chow Tai Fook, whose Chinese New Year sales this year slid 29 percent, blamed weakening consumer sentiment and the nation’s economic slowdown on reduced sales and said Chinese people were travelling outside of the country rather than shopping in their home nation.
By volume, polished imports into China dropped 17 percent to 7.6 million carats, with the average price increasing 3.7 percent to $883 per carat.
Polished exports fell 21 percent to $2.14 billion, leaving net polished imports down 10 percent to $4.55 billion.
Rough imports slumped 45 percent to $764 million and rough exports dived 50 percent to $27 million, meaning net rough imports were 36 percent lower at $1.77 billion.
The country’s 2015 net diamond account slid 17 percent to positive $5.29 billion from positive $6.4 billion a year earlier.