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

Lukoil’s Diamond Sales Hit $162M in 2015

07 april 2016
Lukoil’s revenue from diamond sales hit $162 million (RUB 11 billion) in 2015 as the company increased output at its Grib mine, according to an earnings report. Sales in the prior year stood at $15 million given that production started in September 2014.
The majority of Lukoil’s diamond output is sold via its Antwerp-based Grib Diamonds subsidiary. About 20 percent of the goods are sold independently in Russia.
Earlier in the year, sources close to Grib Diamonds told Rapaport News the company was on track to reach a target of 2 million carats in 2015. The mine is expected to ramp up to an annual production of 4.5 million carats.
Lukoil is Russia’s second-largest oil producer and the Grib mine is its only diamond asset. The company reported profit dived 26 percent to $4.3 billion (RUB 291.1 billion) in 2015 as it wrote down the value on some assets because of a slump in oil prices. Revenue rose 4 percent to $83.77 billion (RUB 5.7 trillion).