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

Sustainability, environmental impact & ethical sourcing to influence jewellery sector in the future

06 july 2021
The Business of Fashion and McKinsey & Company released its first special edition report dedicated to watches and jewellery saying that the jewellery sector will be influenced by the necessity to be sustainable, environmentally friendly and ethical in sourcing its supplies.
During the 1990s, the blood diamond scandal hit the diamond and jewellery industries, with the spotlight on the industry’s negative impact on the communities and countries that powered the supply chain with its limited traceability and accountability, the report said.
Though the diamond market tried to set right the negative reputation in the form of the Kimberley Process, diamond sales from conflict areas forged ahead; and so did the fine jewellery industry being slow in implementing changes in terms of sustainability to mitigate scandals.
However, jewellery buyers’ thoughts are now changing and it’s time for the jewellery industry to look beyond sustainability as a factor in risk mitigation. It should embrace it as an opportunity to build brand equity by effectively changing business practices.
The future will see buyers of fine jewellery influenced by sustainability considerations. By 2025, an estimated 20 to 30 per cent of global fine jewellery sales will be influenced by sustainability considerations from environmental impact to ethical sourcing practices.
Market leaders say that understanding the changing trends, companies should view ethically and environmentally sound practices as a business opportunity.
Given the timing of the opportunity, operating in a more sustainable manner should be seen as a source of competitive advantage in the post-crisis future … as the world’s economy bounces back.
Meanwhile calls for the fine jewellery industry to act more responsibly in terms of environmental and social impact are growing louder, the report said.

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