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

De Beers cut prices of +1ct rough stones ahead of August sight – report

24 august 2020
De Beers has lowered prices of rough stones larger than 1 carat by 6% to 8% ahead of the August sight slated for this week, according to media reports.
Rapaport News reports that the cut was necessitated by a steady improvement in demand and shortages in certain categories.
“Very few people have seen their goods and received their prices, but there’s been some price alignment in areas where De Beers thought they could see what the polished benchmark was,” an unnamed source was quoted as saying.
“De Beers wants to understand the market first before they start carefully bringing goods back to the market, which is a sensible thing to do.”
Sight participants are expecting a sales value above $200 million at next week’s sight. 
De Beers is said to have stopped its policy of allowing sightholders to defer 100% of their rough purchase allocations to later in the year.
This had been in place since the March-April trading session. 
However, an unnamed company spokesperson cited by Rapaport said they will offer some deferrals although they have registered some improvement in market conditions.
Sightholders will also manage to use the buyback concession, which allows them to sell 20% or 30% of their purchases back to De Beers depending on the diamond type.

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