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

India's G&J exports decline 20.4%; gold jewellery too down 35%

21 december 2016
India's exports of gold jewellery (both studded and plain) also slowed down in Nov.2016 declining by 35% to $547.5 mn compared to $844.67 mn in Nov.2015, according to provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC).
The exports from the gem and jewellery sector during Nov.2016 stood at $2.47 bn, a decline of 20.4% over the $3.11 bn exported in Nov.2015. Exports of gold medallions and coins during Nov.2016 also fell to $319 mn as against $472.5 mn a year earlier. Exports of silver jewellery declined to $256.26 mn in Nov.2016 as compared to $370.69 mn in Nov.2015.Coloured gemstone exports were down in Nov. 2016 to $24.44 mn as compared to $25.06 mn exported a year earlier.
The overall exports from the gem and jewellery sector in India during Apl-Nov 2016 stood at $28.79 bn, a rise of 10.91 % as compared to the $25.96 bn exported in the same period in the year 2015.Exports of gold jewellery (both studded and plain) rose 12.02% to $6.09 bn during Apl-Nov 2016, as compared to exports of $5.44 bn in the same period last year.Exports of gold medallions & coins declined 5.37% to $ 3.48 bn in the eight month period. Silver jewellery exports rose 16.37% to $2.37 bn and Coloured Gemstones exports dropped 7.48% to $265.06 mn in April-Nov 2016.
As the industry was closed for the annual Diwali vacation for some weeks in November, business volumes were affected negatively. In addition, the government’s decision in early November to withdraw high value Rs.500 and Rs.1000 notes from circulation also hit business to an extent.

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