Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...


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

Intesa is ready to buy diamonds back from its customers

07 march 2019

Intesa Sanpaolo has already refunded money to 60% of its customers, who purchased diamonds as an investment, according to Reuters.
“Two years ago we informed 8,000 of our clients that we were available to buy back diamonds [they bought from us] and 60 percent decided to return the gems and get all their money back,” the agency quoted the company's CEO Carlo Messina as saying. 
“The remaining 40 percent have decided to keep the diamonds, but they know that we are committed to buying them back at the price they paid for them.”
An investigation into the bank’s connection with an alleged diamond fraud is currently underway.
The reports say that four Italian banks - Intesa, UniCredit, Paschi, BPM - sold its customers diamonds for the double of their market price. 
Intesa Sanpaolo is Italy’s largest retail bank. 

Victoria Quiri, Correspondent of the European Bureau, Rough&Polished, Strasbourg