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

Fine jewellery sales moving towards e-commerce globally

09 july 2021
The pandemic has changed the scenario of the jewellery sector across the world with the onus being on brands and retailers to look at other trade channels besides the physical stores most popular, especially fine jewellery and high-end brands. This is the view expressed by the Business of Fashion Magazine and McKinsey & Company in their recently released special report on global watches and jewellery.
Traditionally fine jewellery sales were associated with magical in-store experiences and bespoke services offered to the buyers, the report says, but, the scenario has gradually changed with jewellers thinking of more exciting online methods to entice jewellery lovers. Since the pandemic, there has been a surge in online jewellery sales all over the world, with the digital business capturing more of the fine jewellery market.
The fine jewellery industry generated just 13 per cent of its revenue online in 2019, but that share will increase to between 18 to 21 per cent by 2025. From 2019 to 2025, online sales of fine jewellery are expected to grow at a compound annual growth rate of 9 to 12 per cent, which is up to three times that of the overall fine jewellery market.
This trend has brands and retailers increasing their online inventories with items and price points previously reserved for physical stores. Social media has dramatically levelled the playing field, allowing younger challenger brands to disrupt the marketplace with their fluency in speaking to younger generations on social channels.
Due to these shifting dynamics, the future for fine jewellery online looks bright. However, if the start-ups and the smaller players do not act fast, the larger players will likely overtake them with their sheer strength and the benefit of their size and resources. 

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