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

WFDB Acting President Yoram Dvash reassures the hard-hit global diamond industry

07 august 2020
WFDB Acting President Yoram Dvash spurs on the hard-hit diamond industry with ---‘There is Light at the End of the Tunnel’ --- through a letter addressed to the plagued global diamond industry. 
Yoram Dvash assures that the diamond industry is doing fairly well given the current conditions. While there was a 70% - 80% decline in imports and exports in some centers, some signs of recovery is being noticed. Also due to De Beers and ALROSA limiting production and flexibility toward customers; and Surat manufacturing center cutting down production has had a positive effect on the diamond pipeline.
He also notices that diamond prices are steady; Q3 2020 is seeing smaller export and import drops, with July showing around 50% dip y-o-y. He mentions that manufacturers profit margins have improved, and they can buy only the rough they need to meet actual demand, and diamond jewelry retail is doing fairly well. China has shown strong demand, and independent jewelers in US are reporting steady demand for jewelry to celebrate life-cycle events. 
And Yoram Dvash concludes: “Our industry has proven its resilience by moving to online trading. Get Diamonds, for example, is enjoying a huge part of this traffic. Consumers are also buying more diamonds through ecommerce, with some of the largest luxury brands selling more diamond jewelry online.”

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