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

India’s Central Bank Relaxes Terms for Dollar Accounts

18 february 2009

The Reserve Bank of India (RBI) has relaxed regulations for opening of dollar accounts by diamond exporters, reportedly to help the country’s troubled diamond industry, Israelidiamond.co.il reported. The accounts called diamond dollar accounts (DDA) will now be permitted to be opened by authorized dealers, rather than having the central bank decide on these accounts on a case by case basis.
The accounts are opened with funds from diamond exports and are used to import rough diamonds for polishing. Proceeds from exports of rough, polished and diamond jewelry can now also be included in the account.
The account will be opened in the name of the exporter and will be maintained in US Dollars only. Any firm with an average annual turnover of $1.02 million for the preceding three years will be allowed to open a diamond dollar account.