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

WFDB president calls for SA Govt, diamond industry collaboration

19 february 2019

news_16082018_wfdb.pngWorld Federation of Diamond Bourses president Ernie Blom has called for a closer cooperation between the South African government and the diamond industry to help the latter flourish, according to a news report citing an open letter he penned.
He said countries such as India, China, Korea, UAE, Israel, Thailand and Turkey had proved that “when governments work with local industry to set a strategy for development, success is almost guaranteed”.
Blom said industry leaders in South Africa had since offered to assist Mineral Resources Minister Gwede Mantashe and his department to come up with a strategy for the industry and assist with its implementation.
“We have seen major development from competitors on the international markets where governments are working with industry to develop this sector of the industry,” he opined.
“This has led to great success in creating both employment and revenue for the country.”
Blom bemoaned the local industry’s disadvantageous trading circumstances, compared with other countries that were competing for market share in South Africa.
He said that local tax structures favoured importers rather than levelling the playing field, while over-regulation of the industry and the inflow of imported diamonds and jewellery owing to the lack of purity tariffs, contributed to the unwelcome trading environment.
Blom also said local diamond miners lack access to funding and were facing increasing crime rates and the burden of legal requirements.

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