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

Rise in US Consumer Confidence Reported

08 may 2009

AFNS reports that according to a survey carried out by the University of Michigan and Reuters, during the month of April US consumer confidence rose but it is still hovering at relatively low levels, writes.
The consumer confidence index rose from 57.3 in March to 65.1. In mid-April, the estimate stood at 61.9. Economists anticipated a score of 62 for the month of April.
Richard Curtin, director of the Reuters/University of Michigan Surveys of Consumers, stated: "Two-thirds of all consumers anticipated that the economic policies of the Obama administration will be effective in improving national economic conditions, with most of the gains anticipated over the next several years.”
The figure for April is the highest since last September. This would appear to suggest that consumers are encouraged by the current recovery in global stock markets and the possible bottoming out of the recession. In November the index plummeted to a three-decade low of 55.3.
65% of the consumers polled believe that President Obama's economic policies will lead to an improvement in the national economy, and 43% stated that they will improve their personal financial position. However, consumers still note their concern regarding personal finances and are continuing to cut down on spending.
Curtin added: "Despite the strong improvement expected in the overall economy, consumers reported only marginal gains in their job and income prospects.”
A Conference Board report also shows that consumer confidence is increasing. The U.S. consumer confidence index showed a marked rise from 26.9 in March to 39.2 in April.