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

Botswana says collective solution key to solving diamond industry challenges

15 june 2016
Botswana said more effort is required from all parties involved in the downstream diamond industry to address issues of operational inefficiencies.
Minerals minister Kitso Mokaila told the Botswana Resource Sector Conference in Gaborone Tuesday that government was “closely monitoring” the prolonged depressed commodity markets as well as volatile prices and was willing to “assist on a case by case basis”.  
“The [downstream diamond] industry is urged to participate and contribute towards global diamond marketing initiatives intended to convert  this generation into long-term buyers of diamonds under the newly launched slogan ‘Real is Rare, Real is a Diamond’,” he said.
The weak diamond market had seriously affected Botswana’s economic performance.
Diamonds account for about a third of the country’s gross domestic product (GDP), 80 percent of exports and 40 percent of the entire government’s revenues.
Mokaila said the recent slowdown in the economic growth of China was further exacerbating the poor profitability of operations coupled with the deepening of existing mines and the fact that new mine discoveries were made in remote areas.
He said despite the challenging period, the industry should, “draw comfort from the fact that commodity markets have a history of being characterised by cycles of economic boom and recession”.
“The forecasts from some sources, such as Consensus, show that some commodity prices will remain depressed until 2017 and rise steadily between 2018 and 2022,” said Mokaila.
“We, therefore, need to focus more on process optimisation, increasing value and reducing risk as well as making mining operations more sustainable. One way of optimising can be through beneficiation of products to create a competitive advantage.”

Mathew Nyaungwa, Editor in Chief of the African Bureau from Gaborone, Botswana, Rough&Polished