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

PGM sector to record surplus this year – report

19 may 2021
Chemicals company Johnson Matthey says in its latest platinum group metals (PGM) market report that the sector is expected to record a surplus this year, despite a 27% gain in autocatalyst demand.
It said South African platinum supplies will rebound by nearly 40%, as Covid disruption subsides, and backlogs from processing outages in 2020 are treated. Higher prices are hitting investment, with Japanese bar purchasing turning negative in early 2021, and ETF buying subdued. 
“Chinese retailers stocked up on platinum jewellery in the second half of 2020, but the recovery has stalled due to a narrowing discount to gold,” said Johnson Matthey.
It also said that the palladium and rhodium markets will remain in deficit in 2021. 
Both metals recorded all-time high prices in early 2021, with palladium climbing above $3,000 and rhodium repeatedly rising to $30,000. 
“In response, automakers have accelerated thrifting and substitution programmes, seeking to reduce the use of these metals in gasoline autocatalysts. Despite this, both palladium and rhodium will see double-digit growth in automotive demand in 2021, as vehicle output rebounds, and major markets phase in tighter emissions regulations and more stringent test procedures,” said the chemicals company.
The report showed that the mine supply of PGM is forecast to recover strongly in 2021. It said shipments of PGM from South Africa will be augmented by the refining of a backlog of approximately one million ounces of PGM that accumulated during processing plant interruptions last year.
“Strong prices will incentivise increased recycling of PGM from scrapped vehicles, but platinum recoveries will be constrained by technical difficulties in the treatment of diesel particulate filter scrap,” said Johnson Matthey.

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