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

Record Drop in U.S. Polished Imports, Nov. Net Diamond Acct. -80%

14 january 2009

U.S. polished diamond imports hit a three-year low in November, falling close to the billion-dollar mark. Polished imports dropped 37 percent to $1.09 billion for the month, and decreased 45 percent by volume to a record low of 665,361 carats, RAPAPORT reported. The price per carat for polished imports, however, rose 15 percent compared with November 2007, to $1,635 a carat. The decline in diamond imports seems particularly steep, given that total imports of all goods to the U.S. in November were down only 12 percent to $183.2 billion. 
Polished exports fell 17 percent to $975 million in November, and the country’s net polished imports - the extent to which imports exceed exports - dropped 79 percent to $113 million. As the largest economy in the world and the biggest market for diamonds, the U.S. data also highlighted the impact that weak demand at the counter has had on the major manufacturing centers in Israel, Belgium and India since the recession took hold. U.S. polished imports from Israel decreased 42 percent to $543.6 million in November, and exports to Israel declined 20 percent to $339.8 million. Similarly, polished diamond imports from Belgium were down 23 percent to $243.6 million and exports there fell 24 percent to $231.6 million. Imports to India dropped 57 percent to $129.6 million, while exports increased 19 percent to $128.1 million.
The decline in the U.S. trade in rough diamonds was even more dramatic, as rough imports fell 82 percent to $13 million, the lowest they have been since tracking began. Rough imports declined 74 percent to $11 million. Net rough imports - imports less exports - fell 94 percent to $2 million in November. The U.S. net diamond account - total imports less total exports - for November fell 80 percent to $115 million. 
For the first 11 months of the year, polished imports to the U.S. grew 7 percent to $18 billion, while polished exports rose 31 percent to $13.5 billion. Net polished imports were down 30 percent to $4.5 billion. Rough imports for January through November dropped 3 percent to $724 million, while rough exports decreased 11 percent to $373 million, bringing net rough imports up 7 percent to $351 million. The net diamond account declined 29 percent to $4.9 billion.