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

Global demand for platinum jewellery dips 26% in Q1 2020

26 may 2020

In its quarterly bulletin released recently, the World Platinum Investment Council (WPIC) said that the demand for platinum jewellery worldwide during the first three months of 2020 (Q1) was down 26% year-on-year. This is due to consumers in most countries cutting back on non-essential spending for fears related to the global economic slowdown.
The report, which is independently prepared by Consultancy Metals Focus, noted that the total jewellery demand for the period was 401 Koz against the 540 Koz of platinum jewellery bought in Q1 2019, a decrease of 139 Koz.
Platinum jewellery demand in India fell by 30% as per the report, due to a cautious approach adopted by consumers towards high-value purchases due to the slowdown in the economy. Later, as the lockdowns took effect in March, demand suffered even more notably with platinum jewellery demand reducing by 60-80% during March.
China was the worst hit as the platinum jewellery fabrication demand in Q1 dropped by 45% year-on-year due to competition from the gold jewellery market. 

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