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...

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Platinum’s rare nature gives it additional value and appeal

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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

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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

Jewelers in Vietnam Report Weak Christmas Sales

14 january 2009

The consumption of jewellery containing valuable stones like diamonds, rubies and sapphires plummeted this shopping season compared with 2007, according to jewellery companies in Vietnam. According to Phu Nhuan Jewellery (PNJ) in Hanoi, its turnover on luxury jewellery and gemstones during Christmas season fell 30 percent, RAPAPORT reported.
"During the last shopping season, many customers ordered jewellery with large diamonds. However, not many customers now wanted jewellery with gemstones," said the Hanoi branch director.
Doji Gems and Trade JSC, which imports products from Italy, Japan, South Korea and Hong Kong, also said their luxury jewellery business came to a halt in 2008. "The company's turnover in November and December did not increase. We ran a number of promotion programs, but the results fell below expectations," said Doji official Thuy Huong. Most customers were spending money on gemstones under $625 he said.
To meet the demand of consumers with limited financial resources, jewellers are creating a line of inexpensive products. Recently, the PNJ has created a line of rings and necklaces using artificial gemstones at price points in the $300-range. Other customers were opting for semi-precious stones like topaz and amethyst during Christmas, said Tran Ngoc Son from the Thanh Dat Gold and Silver Store. 
The Bao Tin Minh Chau Company is targeting customers by marketing jewellery using small gemstones. The company increased turnover of these products by 50 percent, said Nguyen Le Thu, a company business official.
Although the turnover for luxury jewellery fell, the PNJ Hanoi said that 2008 total turnover was still the same as the previous year due to rising demands for cheaper jewellery and high gold prices.