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

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Flawless Diamond 3Q Profits -82%, Sales -29%

03 february 2009

Flawless Diamond India reported Monday that profits fell 82 percent in the third fiscal quarter ending December 31, 2008, to INR 11.79 million ($242,322). Net sales from operations fell 28.5 percent to INR 1.013 billion ($20.8 million) for the period, Flawless said in a note to the Bombay Stock Exchange. The diamond and jewelry manufacturer cut expenses by 27 percent to INR 977.97 million ($20.1 million) during the quarter, RAPAPORT reported.
For the first nine months of the fiscal year, Flawless said profits fell 12 percent to INR 147.31 million ($3.03 million). Sales grew 9 percent to INR 4.376 billion ($89.91 million), while expenses rose 9 percent to INR 4.168 billion ($85.64 million) during the period.