Diamond prices remain steady despite sanctions imposed against ALROSA -Zimnisky

Sanctions imposed against ALROSA only resulted in the smaller gem and near-gem quality goods outperforming other categories in recent months, according to an independent diamond analyst Paul Zimnisky. He told Rough&Polished’s Mathew Nyaungwa in an exclusive...

27 june 2022

Most people see great potential in the growth of LGD jewelry market

Currently Wayne Wang-Wang Yichun is the General Manager, LUSANT - Incubation Project Management Department of Yuyuan Jewelry Co., Ltd. He was the General Manager of Shanghai Yuyuan Jewelry Co., Ltd - A Fosun Group Company; and General Manager of international...

20 june 2022

De Beers sees good potential for exploration activities in Angola

De Beers recently signed two mining investment contracts (MICs) with the Angolan government for licence areas in the provinces of Lunda Norte and Lunda Sul. The MICs for the two licence areas are for the award and exercise of mineral rights covering...

13 june 2022

Ali Pastorini: The jewelry consumer does not evaluate the brand only by price

Ali Pastorini is the co-owner of Del Lima Jewelry and President of Mujeres Brillantes, an association that brings together more than 1,000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

06 june 2022

“We aim to bring in a different kind of a jewellery experience for the consumers,” says Vaishali Banerjee, Managing Director, PGI-India

Vaishali Banerjee made a shift from the advertising and marketing industry to the jewellery industry to create category awareness for a metal that was lesser-known in the subcontinent. Initially, it was all about category creation in a vibrant, mature...

30 may 2022

WPIC: Platinum supply fell 13% in the first quarter, while demand went down by 26%

16 may 2022
The World Platinum Investment Council (WPIC) said in its latest quarterly report that year-on-year quarterly supply and demand were down more than expected, at 13% and 26% respectively.
According to WPIC, this is due to geopolitical turmoil and supply chain disruptions in the first quarter of 2022, which significantly reduced supply and demand for platinum and heavily influenced the revised 2022 forecasts. The report said that full year 2022 supply is forecast down 5% with demand 2% higher than 2021.
“Automotive and jewellery demand holding up relatively well despite supply chain challenges and China’s zero-COVID policy. Industrial demand lower than record levels in 2021, but expected to remain the third strongest year on record. Investment demand for bar and coin remains elevated but is offset by weaker demand for ETFs and outflows from stocks held by exchanges,” WPIC said.
According to the authors of the report, supply security concerns will prevail in the short term, affecting the market balance after the start of Russia's military operation in Ukraine, given the importance of Russia for the world's supply of mined palladium and, to a lesser extent, mined platinum. “Concerns could increase platinum for palladium substitution efforts and potentially modify procurement and inventory management strategies,” WPIC notes adding that, in addition, the EU actions to displace Russian natural gas with green hydrogen significantly boost the case for fuel cell electric vehicles and platinum demand growth over the medium term.