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

Russia’s Ministry of Finance proposes to sell LGD jewellery in separate windows

12 april 2019

The Ministry of Finance of the Russian Federation has prepared a draft under which jewellery featuring artificial materials having the characteristics of natural stones should be displayed in separate windows, according to Interfax.
The body of the project is posted on the website regulation.gov.ru.
The decree states that the windows with such jewellery should be marked with a note saying “Jewelry and other articles feauturing materials of artificial origin”.
Lab-grown diamonds have the same characteristics as natural diamonds, therefore, such stones can only be detected with the help of special machines.
The new initiative of the Ministry of Finance will make the distinction between natural and synthetic stones more visual and much clearer for buyers.
Many companies have already expressed their interest in the separation of "synthetics" and natural stones.
In order to differentiate the industry of natural diamonds and the lab-grown stones, last year De Beers launched the brand of synthetic diamonds, Lightbox.
Independent diamond industry analyst Paul Zimnisky said at the time of the launch of Lightbox Jewellery that this was a strategic move out of necessity by De Beers on behalf of the whole natural diamond industry. 
“I don’t see this as a move by De Beers to simply take a piece of the lab-created diamond market pie, but rather take control of the lab-created industry and steer it in a way that protects their natural diamond business,” he said. 
Recently, the Russian company ALROSA signed a MoU with Angolan Endiama under which the countries will promote among other things integrated delineation of international markets for rough and polished diamonds (both natural and synthetic) to protect fair competition and interests of diamond mining countries.

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