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

Sergey Vybornov: “We have not been prepared to the crisis”

02 february 2009

“Now all our clients are equal. During the last six month we are attending large-scale manufacturers of polished diamonds, particularly those who are holding an additional position on the jewelry market,” Sergey Vybornov said.

“We have not been prepared to the crisis from the sales point of view,” Sergey Vybornov, ALROSA’s CEO, confessed in his interview to Vedomosty. “Here is a simple comparison – at the start of the crisis our customers just vanished altogether, because there were a lot of them. Whereas De Beers continued to sell rough diamonds to its sightholders for some time, although their sales diminished in volume,” the company’s head explained. According to Sergey Vybornov, “it would be of course logical to have our own clients, sightholders, whose business needs to be supported in harsh times. Provided that when something happens like what is going now they will back up diamond miners.”

“Unfortunately, ALROSA was not in time to re-structure its sales: 50% of its diamonds were bought by De Beers and 50% went to the domestic market at a huge discount. This was going on for 50 years. It was only in 2007, when Vladimir Putin signed a decree cancelling quotas – this was the last and final step towards liberalization of the diamond market. Before that, the market was strictly divided into De Beers’ part, which was not ours, and our part. The last one is actually not entirely ours as well, because the major part of diamond cutting enterprises in Russia is backed up by investors from Israel, India and China. Now all our clients are equal. During the last six month we are attending large-scale manufacturers of polished diamonds, particularly those who are holding an additional position on the jewelry market,” Sergey Vybornov said.