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

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Art-KARAT plant acquires jewelry retailer ADAMAS

28 june 2021
The acquisition of the oldest omnichannel jewelry retailer in Russia ADAMAS by the owners of the youngest player in the jewelry production and retail market, the Belgorod jewelry factory Art-KARAT will take place in July 2021.
The ADAMAS company, which has 180 stores in more than 70 cities of Russia, and the Art-KARAT plant are among the top 10 market players in terms of revenue. In 2022, the number of stores of the updated network should increase to 250, Art-KARAT reported.
"An acute problem suffered by retail chains now is due to a shortage of assortment and working capital, which has arisen in the conditions of a 50-70% rise in the price of raw materials for jewelry production and harder conditions for interaction between suppliers and sellers. In my opinion, the combination of a trading network and a production operation specializing in highly liquid goods will contribute to the growth of sales and accelerate the movement of working capital. As a result, the buyer will be where there is more choice. In the future, we can talk about creating a leading enterprise in the jewelry industry operating in the domestic market," commented Eduard Utkin, General Director of the Jewellers’ Guild of Russia 

Alex Shishlo for Rough&Polished