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

Weak dollar upvalues rate of gold

28 may 2009

Weakness of US dollar rate promotes gold rate dynamics. According to market experts, the fears around dollar weakening for long-term period and rise of inflation secure high stock price of the yellow metal.
Prolonged downturn trend at gold market has not taken place even subject to gold reserves sale by IMF announced in April.
According to experts, gold prices will remain strong in short-term period. However ounce price is not expected to exceed $1,000, as increased prices result in decrease in demand from jewelry sellers, but provide increase in demand in general owing to processed gold sales volumes.
“The yellow metal is treated as an asset that preserves its value and enables the owner to be protected from risks due to exchange rate fluctuations and increase in prices,” – explains British-based managing company Axa IM analyst Hervé Lievore. However he stresses that he refers solely to psychological phenomenon while the gold itself is not the shield for investors.
Nevertheless, the more investors acquire gold through ETF funds (ETF - exchange- traded funds). According to the data by World Gold Council (WGC), gold sales jumped by 38% for the first quarter of 2009 owing to investment demand positive dynamics which outdrived jewelers’ demand for the first time since 2004.
Moreover, the share of investment demand growth accounted for 248% for the first three months of 2009!
Therewith, global financial crisis generally caused the plunge in demand for gold jewelry by 24% all over the world excluding China where demand conversely rose by 3%.

Alex Shishlo, Editor of the Rough&Polished European Bureau in Brussels