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

De Beers rough supply to Botswana diamond manufacturers almost halved in 2015

17 june 2016
Botswana’s Diamond Hub, which is charged to promote diamond beneficiation in the country said De Beers nearly halved its supply of rough stones to local cutting and polishing companies last year when compared to 2014.
A principal minerals officer with the hub Kgotso Matlolela told a mining conference in Gaborone that De Beers supplied rough worth $936 million in 2014 to local diamond cutting and polishing firms.
However, the figure dropped to rough worth about $502 million in 2015.
She attributed the significant drop to “difficulties” facing the diamond market.
“The challenges that the sector is facing include lack of funding, high rough prices that do not correspond with prices of polished diamonds, as well as competiotion from other luxury goods because diamonds are considered luxuries when polished or a jewellery, therefore they compete with other luxury commodities,” she said.
“The downturn global economy is also affecting the diamond industry as well as marketing and competition.”
Botswana has 20 cutting-and-polishing factories.
Matlolela said going forward the country should grow and sustain the cutting and polishing industry, as well as the rough trading sector.
“We need to develop the trading of polished diamonds, grow and sustain essential diamond industry support services and consolidate the diamond cluster,” she said.

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