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

De Beers cites market improvement

22 april 2009

Positive statements about improving conditions in the diamond sector continue to flow from De Beers, which says the market has gained increasing momentum since a low point in 2008, Nationaljewelernetwork reported.
"While still at lower-than-normal levels, diamond sales have been steadily increasing since the end of last year," company spokeswoman Lynette Gould said in an e-mailed statement to news agency Bloomberg.
Gould also said the company is optimistic about realizing its 2009 financial targets.
Gould's statement comes after another last week from De Beers Botswana Chairman Stephen Lussier announcing the resumption of mining operations in that country.
"We have begun to see signs of improvement in the market and expect this to continue as the year unfolds," Lussier said.
These statements are welcome to companies engaged in the diamond business, the single largest product category for U.S. retail jewelers. According to dealer reports, diamond trading came to a near standstill in the pre-holiday 2008 months following the stock market and economic crashes of mid autumn.
While retail jewelers saw steep sales declines through the holidays and into early 2009, the diamond-supply sector was seen to be hit even harder.
This is the first time the diamond trade has faced a severe down market since De Beers restructured from its role as a marketing cartel. Under that model, the company stabilized prices by controlling the supply of rough diamonds entering the distribution pipeline.
Polished-diamond prices have become more volatile since. Together with more stringent practices instituted by the market's traditional financial lenders, weakened sales and increased price volatility have posed significant challenges for diamond manufacturers, wholesalers and dealers.