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

WGC Survey: Central banks continue to remain positive on gold

14 june 2021
Central banks continue to be positive on gold and around 21 per cent of the central banks around the globe intend to increase their gold reserves over the next 12 months, according to a survey undertaken by the World Gold Council.
The '2021 Central Bank Gold Reserves (CBGR)' survey also noted that central banks are also increasingly valuing gold's performance during periods of crisis as this attribute now tops their rationale for holding gold.
According to the report, these results come amid ongoing uncertainty stemming from the COVID-19 pandemic, a situation that has added significant complexity to central bank reserve management. It noted that this year's CBGR survey indicates continuing central bank interest in gold. Potentially driving this interest is a growing recognition of gold's financial characteristics, particularly during periods of crisis.
The report also adds that the ongoing concerns about global market volatility and the path of the post-pandemic economic recovery continue to inform central banks' views of gold. These same factors may also be clouding respondents' opinions on the overall direction of central bank gold holdings despite having more certainty on their gold plans.
The WGC report said that central banks will need to balance financial and geopolitical uncertainty with a potentially strong pickup in global growth. ‘We believe that central banks will continue to be net buyers of gold, although total purchase volumes may not be as large as in the previous decade’ says WGC report.
The report also said that around 84 per cent of respondents report that uncertainty over the post-COVID economic recovery is relevant for their reserve management decisions, as well as negative rates, continues to inform their investment decisions. The continuation of expansive monetary and fiscal policies, now combined with the prospect of rising inflation will likely be at the forefront of central bankers' concerns for the future. The conviction towards gold amongst respondents in this year's survey suggests that central banks have a clearer picture of their plans for the coming year, and is supportive of continued gold purchases from the official sector.

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