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

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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

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23 august 2021

Angola liberalise rough diamond sales

06 september 2019

angola_flag.pngAngolan state-owned diamond marketing company, Sodiam has opened its online registration process for prospective buyers to participate in its future competitive sales of rough diamonds.
This follows the company’s recent decision to end the buying and selling of rough diamonds on contract basis due to high demand.
It said in a statement that the process is yet another milestone of the new strategy set out by the Angolan Government to improve transparency in the trading of diamonds in the country.
Companies can now sell up to 60% of their output, unlike under the previous regime, when buyers were chosen by Sodiam and Endiama, which benefited a group of people close to power, thus alienating large international companies from the Angolan industry.
This ended the diamond sales monopoly that was in Sodiam's hands. 
Sodiam said the minimum annual turnover in rough diamond trading required to be registered is $2 million for Angola-established companies and $10 million for foreign entities.
Invitations to the viewings will then be sent to registered companies only at a later stage, it said.
Sodiam supplied more than 8.4 million rough carats in 2018, from over 12 different Angolan diamond mines, for a total value of $1.2 billion or at an average price of $145/ct.

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