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

Indian platinum jewellery retail sales grew by 24% in 2015: PGI

11 april 2016
According to the Platinum Guild International (PGI), platinum jewellery was the bright spark for the Indian jewellery industry with a retail sales growth of 24% in 2015. It was also the only category to consistently grow every quarter, it adds.
PGI announced the result of its third annual Retail Barometer, which gives a unique view of platinum demand from the retail sales perspective and trade sentiment for the forthcoming year.
The data collected by PGI shows that retail sales of platinum jewellery in India grew 24% in 2015. Also, platinum jewellery is on a growth curve with growing consumer acceptance, increasing distribution and successful branded programs.
Meanwhile, PGI is optimistic about 2016 with all types of jewellery, but especially platinum and diamond jewellery. It forecasts a growth rate of 23%.
Some of the key findings of Retail Trade Barometer for India suggest that platinum rings and bands launched in 2009 on the back of Platinum Day of Love, is now considered a main stay category, though there is still potential to drive incremental volumes. There is a high acceptance of platinum in the category of Couple Bands.
However, sales for the heavy bridal sets, the mainstay of most retailers was much lower in 2015; the primary focus for retailer’s remained in the bridal segment which contributes to 60% of the overall jewellery market in India.

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