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

Platinum Poised for Growth

26 may 2009

Things are looking up for Russia's platinum producers as prices for the precious metal have started to reclaim pre-October levels thanks to new demand from investors and China's growing jewelry market, The Moscow Times reported.
After a volatile 2008, during which the metal fell to a low of $771 per ounce in October from a high of $2,250 in May, platinum now looks poised to enjoy a six-month period of strong but stable prices, the metals and chemicals company Johnson Matthey said last week in its annual platinum market report.
Johnson Matthey said platinum could reach as high as $1,350 an ounce in the next half year while staying above $950 an ounce on the low end. Platinum traded at $1,153 an ounce Friday.
Platinum suffered some of its biggest setbacks last year during the decline of the U.S. and European auto industries, two of the metal's biggest consumers. Auto industry demand declined for the first time in over a decade in 2008, falling 8.2 percent to 3.81 million ounces.
While increased demand from bullish investors and jewelers may help offset some of the shortfall, it is more likely that a full recovery will only arrive when carmakers see a turnaround.
"I think the major driver right now for the price is the strength in investment demand, which refers partially to the slack in industrial demand," said Mikhail Stiskin, a metals analyst at Troika Dialog. "That's what's keeping platinum at these prices."
In 2008, 47 percent of platinum demand came from the auto sector, down from 49 percent in 2007, said David Jollie, one of the Johnson and Matthey report authors.
For now, the rally that Norilsk Nickel and platinum producers are seeing may continue to depend on Chinese jewelry demand, which looks to hold out for at least the near future, Jollie said.