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...


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

WGC: Surging COVID cases in India slowed down demand recovery in Q1

11 may 2021
Following healthy retail demand in March, India’s consumer demand slowed in April under pressure from surging COVID infections and a rising domestic gold price. Many Indian States have implemented partial lockdowns and only essential businesses remain open, says World Gold Council (WGC).
According to the Council, consumer confidence has dipped, and anecdotal evidence suggests that wedding postponements have risen, impacting wedding purchases.
The increasing restrictions have resulted in gradually declining sales throughout April.
With lower retail demand, the domestic premium fell to $0.5-1/oz by the final week of the month, compared to a premium of $3-4/oz at end of March.
Also, WGC forecasts that ‘Akshaya Tritiya’, a major gold buying festival, falls on 14 May and gold sales are poised to exceed last year’s low base, but the rising number of COVID cases will likely hamper the overall level of demand. Sales may find marginal support through retailers’ digital/omnichannel strategies, something which was still being developed last year.

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