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

This year, Kristall of Smolensk will receive 120 million rubles for modernization

28 january 2021
Image credit: Google

Dmitry Amelkin, General Director of Kristall said during a recent meeting with Alexei Ostrovsky, Governor of the Smolensk Region that funding for the technological development of the company’s diamond manufacturing plant have been increased from 100 to 120 million rubles within the investment program developed jointly with ALROSA and that these funds are already used to buy new equipment which will be installed around the middle of this year. This was announced in a report published on the website of the Smolensk Region Administration.
Dmitry Amelkin also said that Kristall, which employs 1,200 people, is currently operating on a regular, five-day basis. “Due to the recovery in demand in the world jewelry market at the end of last year, we managed to load production capacities by almost 100% through joint efforts. We assume that the assortment and quantity of goods will remain unchanged throughout the year, which will allow us to keep the number of employees at the same level,” he added.
Dmitry Amelkin informed the governor that the plant's management keeps the situation regarding the spread of coronavirus among employees under special control - at present, all anti-epidemic safety requirements dictated by the Federal Service for Supervision of Consumer Protection and Welfare are being observed at production sites.
According to the report of the Smolensk Region Administration, Kristall acquired by ALROSA from Russia’s Federal Property Management Agency in 2019 for 1.9 billion rubles was idle during the spring and summer of 2020 due to a slump in demand for diamonds caused by the COVID-19 pandemic due to which part of the Kristall personnel was retrenched. However, there came positive shifts in the global jewelry market at the end of the third quarter last year and the diamond trade began to recover.
Kristall, founded in Smolensk in 1963 and now part of the ALROSA Group, remains to be the largest diamond manufacturer in Russia and Europe.

Vladimir Malakhov, Rough&Polished