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’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

SDiX reports turnover of $3.5M in early August

23 august 2016
Singapore Diamond Investment Exchange Pte. Ltd. (SDiX) posted turnover of just under $3.5 million in the first two weeks of August, according to data provided by SDiX, up from $1 million in May, the first month of trading. That equates to a total of around 1,500 stones traded in the first half of August, compared with 274 in the whole of May. While growth has been fast, volume remains relatively slight.
Among the problems the exchange faces, is how to price diamonds, which are all individual, unlike gold bullion which can be divided up into varying quantities and valued by weight. In addition, a market for diamonds would only be useful if it was representative of the global market for the precious stones, which, due to its lack of transparency, would be difficult to measure.
SDiX says it is able to get around the individuality issue by packaging a large, fixed number of very similar diamonds together. The physical diamonds remain in storage in a free port in Singapore, or in Mumbai.

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