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

Global diamond industry needs more financing - IDE President

05 april 2016
Israel Diamond Exchange (IDE) President Yoram Dvash has called for an increase in credit lines to finance the diamond industry worldwide. He claims the world diamond industry needs to work together to secure additional financing.
Earlier, the London-based Standard Chartered Bank, which has about $2 billion in exposure to the diamond industry, was demanding additional loan protection from diamond clients. It is now asking diamond manufacturing clients to secure payment insurance or provide 100% collateral, according to the Bloomberg report.
Dvash said that the U.K. bank’s exposure to the diamond sector is less than 1% of its total business but it is still seeking additional security against possible problems in the future. "This shows how tough the situation is for the diamond industry worldwide," he noted.
Financing has been a leading issue for the World Federation of Diamond Bourses (WFDB) in recent years and will be at the top of the agenda at the World Diamond Congress in Dubai in May.
“Since we depend on a steady supply of credit, we need to work twice as hard to find solutions,” said Dvash. He added that his aim was to persuade banking officials that "backing the diamond industry makes good business sense."
Dvash also said that he holds meetings with banks in Israel. "The Israeli diamond sector is very prudent in business decisions. Our global approach to business diversifies risk and increases trading opportunities."
“We must secure more credit lines in order to expand the business. Let us remember that…millions of people around the world – in Africa, India, China and elsewhere -- are dependent for the livelihood on the success of the diamond trade,” he concluded.

Theodor Lisovoy, Rough&Polished, Moscow