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

Hong Kong’s jewellery and luxury product sales dipped 41% in September

05 november 2019

Hong Kong’s retail sales of jewellery, watches, clocks and other valuable gifts dropped 41% y-o-y to $463.6 mln during September, against 47% drop in August. Sales across all retail categories slipped 18% to $3.81 bln.
This is attributed to the pro-democracy demonstrations that have escalated in recent months, negatively hitting business at luxury stores. While the number of inbound tourists has declined drastically, local spending has dropped too.
According to statistics released by the Hong Kong Tourism Board, the number of tourists visiting Hong Kong was down 34% to 3.1 million in September, of which 2.4 million came from mainland China, a decline of 35% in September last year. In the first nine months of the year, retail sales of jewellery, watches, clocks and other valuable gifts declined to $6.85 bln. 
According to reports, it is expected that the weakness in the market will remain as long as the present conditions continue.

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