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

Leviev Observes a Jump in Demand for Rough Diamonds During March

01 april 2009

Demand for rough diamonds is on the increase following months of depressed sales at the mines. Diamond mogul Lev Leviev told journalists in Tel Aviv Monday that  in March demand for rough stones rose 50 percent compared with February, TheMarker reported. He added that rough prices grew 10 percent during the month.
Demand for rough fell dramatically when the economic crisis hit in the third quarter of 2008. Diamantaires cut back their purchases because of the dropoff in sales of the polished end-product and the lack of available credit to finance their inventory purchases, according to RAPAPORT. Leviev said that the depressed market was a result of the banks tightening their lending to the industry, which influenced prices to fall and the mining houses, including majors De Beers and ALROSA, to cut back production.
Leviev’s comments support earlier industry reports of a more positive mood at rough tenders in March, which brought higher winning bids than in previous months. Reports from the major diamond centers – Antwerp, Tel Aviv and Mumbai – indicated a rise in business activity in March as polished prices stabilized. Diamantaires were reportedly looking to buy rough again. The true litmus test will come at the Diamond Trading Company (DTC) March/April sight, which is underway this week. The estimated values of the past three DTC sights have averaged around $100 million, about one-fifth the value of those a year ago.
Leviev’s LLD Diamonds saw its exports from Israel drop 20 percent in 2008, but it was still the country’s top diamond exporter. The company owns a polishing factory in Namibia, which scaled back operations earlier in March, dismissing 77 out of approximately 107 workers at the facility. Leviev also operates a luxury jewelry retail business. Leviev’s property holding company Africa Israel on Monday reported a net loss of $638.4 million (NIS 2.7 billion) for the fourth quarter of 2008, compared with profits of $66 million (NIS 278 million) a year earlier.