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 government scraps excise duty on branded gold coins

02 december 2016
The Indian government has scrapped the excise duty on branded gold coins, a move that would benefit the industry and consumers alike.
Commenting on the move, World Gold Council said, “A 1% excise duty cut will not make much of a difference. Branded coins are sold at a very low margin.” However, World Gold Council has acknowledged that the step will surely boost investment sentiment.
Titan does not expect to see any increase in demand due to scrapping of excise duty on branded gold coins. Branded gold coins form less than 10% of total sales for jewellery companies, says the company.
Dhirendra Kumar, CEO of Value Research: “Gold is not a great investment in whatever form you buy. I would not advise people to invest in gold. If you are opting for gold, then I would say that one should first look at government gold bonds, then gold ETFs, then gold funds, then gold in the physical form, and finally jewellery. Jewellery has making charges associated with it, and one is not always sure of the purity. But, irrespective, I would say that gold is not a good place to put your money in,” he said.

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