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

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

UAE’s gold trade hit further as prices soar

21 august 2019

With shoppers staying away, the Q3 sales is likely to end up anywhere between 8-15 per cent lower than in recent years. Even promotions are not helping UAE’s gold jewellery retailers as they once used to, says a report in Gulf News.
Blaming gold prices for this lack of demand, the official Dubai gold rate currently is at Dh171.75 for a gram of 22K gold, which is expected to go up to Dh180.
According to Abdul Salam K.P., Executive Director at Malabar Gold and Diamonds, the drop in demand is one of worst in recent times. “Last year same time, prices were in the range of Dh140 a gram or so, and there was reasonable demand at those levels,” Salam, who is also on the board of Dubai Gold & Jewellery Group, said. “From those levels to now, the decline would be in the 20-25 per cent range. It’s proving to be a bad time for gold in the UAE.”

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