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

Hong Kong’s jewellery retail sales dip 31.7% in January 2021

05 march 2021
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Image credit: Free-Photos (Pixabay)

Due to the fourth wave of COVID-19 cases in Hong Kong, jewellery sales in the city dipped by 31.7 per cent in January 2021, but the pace of decline had eased slightly, as per the government data.
According to the city’s Census and Statistics Department, retail sales of jewellery, watches and clocks, and valuable gifts fell by 41 per cent in December 2020 and overall, by 54 per cent last year, recording retail sales reached $433.13 mn in January 2021 compared to $397.02 mn in December last year.
The total retail sales dropped by 13.6 per cent to $4.2 bn in January this year, which Hong Kong attributed to restrictions due to coronavirus infections and the Lunar New Year, a traditionally strong season for retail.
Hong Kong’s report said prospects for the retail trade remain grim in the near term as COVID-19 continues to pose a threat to businesses and tourism. If the vaccination programme yields the intended results, it should help lay a firm foundation for the revival of the retail sector and a broader-based recovery of the economy later in the year.
The Hong Kong Retail Management Association meanwhile said retail sales could perform better in February and March 2021 mainly due to a low base in 2020.

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