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

UAE jewellers call for 5% duty cut

13 january 2020

UAE’s gold and diamond retailers are hoping for a rollback of the 5 per cent import duty on jewellery, saying such a move would free them from the extreme volatility gold prices have been having since June last. With gold rates this volatile, only a duty relief will keep retail prices in check.
In January 2018 that Dubai and Sharjah, the two key destinations in the import of jewellery into the region, imposed the 5 per cent duty. This had an impact on showroom prices, hurting, in particular, Dubai’s reputation as one of the best places in the world to pick up gold inexpensively. It is this 5 per cent import duty that retailers feel could be done away with to revive the sector’s fortunes. UAE jewellers face the brunt each time gold prices rise to find it extremely hard to survive to sell gold with buyers keeping away. 
Recent days have witnessed volatility in gold prices due to US-Iran tensions. It has impacted on gold jewellery buying during DSF, one of the key points in Dubai/UAE’s gold buying calendar.

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