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

Coronavirus fears hit De Beers’ second rough diamond sale

04 march 2020

de_beers_logo.pngDe Beers has raked in $355 million from its second rough diamond sale compared with $496 million, a year earlier and $551 million, the previous month.
Group chief executive Bruce Cleaver said they recognised the impact of COVID-19 Coronavirus on customers focused on supplying the Chinese market.
He said they also put in place additional targeted flexibility to enable customers to defer allocations of the relevant rough diamonds.
Media reports had recently suggested that De Beers was considering giving a helping hand to its struggling buyers following weak diamond sales that hit the industry last year. 
This was expected to help De Beers ensure that buyers get the rough best suited to their needs and business type.  
The diamond industry experienced an oversupply of polished diamonds last year, which led to sharp price drops than for rough stones.    
De Beers was forced to lower prices across the board by about 5%.   
The Anglo American unit, is reportedly planning to significantly cut the number of its sightholders as well as reconsidering the way that diamonds are allocated among the group. 
De Beers’ current six-year contract with buyers expires at the end of this year.  

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