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...

Yesterday

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 is in talks to increase the share of direct sales to customers in Southeast Asia

03 june 2016
(FINMARKET.RU) - ALROSA is holding negotiations to increase the share of direct sales of rough diamonds to clients in Southeast Asia, according to what was told to reporters by Yury Trutnev, Deputy Prime Minister and Presidential Envoy to the Far Eastern Federal District.
He said that this possibility was discussed with customers by Andrey Zharkov, President of ALROSA during a recent trip to Hong Kong. "He asked if they were interested in buying not along the curve through Europe, but directly. The more direct relationship, the more transparency, the better," the deputy prime minister said.
Currently, ALROSA sells about 5% of its production to China. Chow Tai Fook, the largest jewelry retailer is a long-term customer of the Russian diamond miner and Luk Fook buys ALROSA’s rough on the spot market.
"We produce diamonds in Yakutia, sell them through Antwerp and then they go to South-East Asia. Such a strange knight's move. It is clear that if the chain is so long and if prices are determined by the mediator, there are always doubts about how much transparent and correct this system is. So now we are starting to work on the creation of an online platform. It will provide selling price indicators for goods sold directly," Yury Trutnev said.