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

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Holdings in gold-backed ETFs reach an all-time high in March: WGC Report

10 april 2020

world_gold_council_logo.pngThe World Gold Council (WGC) released a report recently indicating that holdings in gold-backed ETFs reached an all-time high during March with net inflows up by 5% valued at $8.1bn. According to WGC, this capped a record-breaking quarter, as gold ETF holdings and assets added $23bn in net inflows, the largest quarterly gain in history.
The WGC reports also noted that the growth was spread across all regions of the world, with Europe seeing a 5.8% increase in inflows, the US a 4% rise and Asia, primarily China, up 6.4% while other regions reported a rise of 9.4%.
The trend was also reflected in retail investor demand for bars and coins. According to Metals Focus, the US Mint silver Eagle coin sales surged to 5.48Moz in March from just 0.65Moz the prior month. The Perth Mint said its March gold bar and coin sales totalled 90koz, their highest since April 2013. On the whole, several mints have indicated that their order books are full for the next 1-2 months.
Metals Focus states that gold bullion imports into India in March dropped to a 6½-year low, with the lockdown from March 25 adding to the impact of a slowing economy and record-high rupee gold prices. The consultancy says that Q2 imports may suffer a far greater decline and that demand at Akshaya Tritiya, one of the most auspicious days in the Hindu calendar to buy gold is likely to be low.

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