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

India-mined rough diamonds tenders in Surat garner $ 1037.89 mln

11 october 2019

Since 1998, the rough diamonds mined in India were up for display for auction between September 24 and 27 by state-run National Mineral Development Corporation (NDMC) in association with Gems & Jewellery Export Promotion Council (GJEPC) garnered $ 1037.89 mln. As per market sources, rough diamonds of about 24,000 carats were to be up for display, according to media reports.
Industry watchers believe the e-auction would augur well for rough diamonds mined from within India, despite the quantity is minuscule compared to India’s imports figures of 16.50 mln carats of rough diamonds valued at $15.72 bln in the financial year 2018-19.
Dinesh Navadiya, Regional Chairman of GJEPC is of the opinion that continued display of rough diamonds year-on-year at Surat will result in more buyers bidding in the auction for India mined rough diamonds. According to reports, production of rough diamonds by NMDC is at about 40,000 carats per annum while sales is around 30,000 to 33,000 carat per annum.
NMDC has switched over from physical auction to e-auction or online mode of sale since 2015-16 in which display of rough diamonds for every e-auction is being conducted first at Panna followed by Mumbai and now Surat, before conducting e-auction. 

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