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

Don’t compel clients not to purchase diamonds – De Beers

05 may 2020
de_beers_group_logo.pngDe Beers believes that customers should not be discouraged from purchasing rough diamonds, despite the trying times the industry is going through.
“We mine a valuable, finite and depleting resource,” De Beers chief executive Bruce Cleaver noted in an opinion piece.
“We will only sell it when the demand is such that it can create sustainable value for all of us. However, just as we are not compelling our clients to purchase, we strongly believe it is counterproductive for any part of the industry to compel them not to purchase.”
This follows the recent advise by the Gem & Jewellery Export Promotion Council (GJEPC) and other Indian trade bodies for the Asian country’s diamond sector to halt rough diamond imports for 30 days starting mid-May.
Cleaver wrote that while the economic impacts of the pandemic will be different in the main consumer markets, the encouraging signals coming out of China point to the beginnings of a recovery.
“Consumer demand has started to return in the country as the lockdown has eased. People are visiting shops and malls and re-engaging with the world,” he noted.
“While it is too early to draw conclusions, pent-up demand from delayed weddings compressed into a single season, and self-purchases to reward hardships overcome, are showing signs of lifting the Chinese diamond market out of its months-long hibernation.”
De Beers has already significantly reduced the flow of diamonds downstream as most of its mines suspended production to prepare for the coronavirus and are now operating or preparing to operate at far lower levels than normal.
The group also cancelled Sight 3, provided its Sightholders with 100% flexibility to defer their purchases.
It has also cut its production forecast this year by seven million carats than initially planned.

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