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

Yakutia 2008 Diamond Production Flat, Gold +3%

12 february 2009

Yakutia mined $2.6 billion worth of diamonds in 2008, the same amount as in 2007, the mineral-rich internal Russian republic's government reported in its annual review on February 10. "The construction of new mining infrastructure continued, and capital expenditure targets were fulfilled. Approximately 9 billion rubles was spent on the construction of deep mines," the review said.
Yakutia also produced $147.2 million worth of cut and polished diamonds, or 8.1 percent more than in 2007, RAPAPORT reported. Jewelry output rose 40 percent to $308 million as the market expanded and trends were favorable in the first half of the year. But demand for gem industry products decreased sharply in the fourth quarter because of the global financial crisis. This caused difficulty selling rough diamonds, operational financing, short-term loan servicing and new borrowing, and the financial results of diamond mining enterprises and the republic's 33 diamond cutting plants deteriorated in the year as a whole.
Yakutia increased gold production by 2.7 percent in 2008 to 19.1 metric tons (21 tons). Production is forecast to rise a further 7.3 percent to 19.9 metric tons (21.9 tons), according to the ministry.
"Gold production in recent years has been influenced purely by the weather or by other external factors affecting various sites, and a radical increase in production has not been achieved," it said. The highlights of past year included the commissioning in July of a recovery plant at the Nizhny-Yakokitskoye field by OJSC Zoloto Seligdara, which is capable of producing 2 metric tons (2.2 tons) of gold per year from 1.25 million metric tons (1.37 million tons) of ore.