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

Polished prices rise due to reduced diamond supply

04 august 2020
The RapNet Diamond Index (RAPI™) for 1-carat polished diamonds rose 1.9% during the month, buoyed by improving investment demand and scarcity of D, IF diamonds, says a press release from Rapaport published on 4 Aug in diamonds.net. 
The index has fallen 4.8% since the beginning of the year. Rough buying declined sharply due to lower polished demand and the forced reduction of manufacturing operations. De Beers’ and ALROSA’s decision to let clients refuse contracted supply has eased midstream liquidity concerns and helped prevent a buildup of polished inventory.
According to the press release, manufacturers’ profit margins are better than before the pandemic; Polished prices have firmed for select goods, and cutters are able to buy rough that aligns with demand.
Also, the press release indicates that trading has become more localized and polished inventory levels have fallen, but mining companies continue holding large volumes of rough they have been unable to sell. Polished dealer activity is limited to online platforms and jewelers are ordering specific items rather than bulk inventory.
Indicating that weak market is forcing companies throughout the supply chain to rethink their long-term strategies, Rapaport says that mining companies have recognized that they will need to customize rough supply to match consumer demand.

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