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

Israeli Industry Asks Government For Bank Credit Backing

29 may 2009

The Israeli diamond industry voiced urgent pleas for help from the Minister of Industry, Trade, and Employment, Benyamin Ben-Eliezer, who visited the Israeli Diamond Exchange on Tuesday, Tacy reported. The requests were for government backing of bank credit and help with employment programs. Another issue touches the sensitive subject of the Israeli banks conduct with the local diamond industry.
During a meeting with the heads of the Israeli diamond industry, Ben-Eliezer heard from Israel Diamond Institute president Moti Ganz, and Israel Diamond Exchange President Avi Paz, that since the onset of the crisis in October, the banks had cut credit to the industry from $2.4 billion to $1.6 billion.
The two presented an aid plan that includes help to different parts of the trade, including requests for state guaranteed loans, subsidies for diamond-industry professional training, leave without pay vacations, and funds to enable hiring new workers.
Traders that participated in the closed meeting voiced an unprecedented attack against local banks, accusing them of not allowing the industry to increase their credit limits. Participants accused the local banks of cartelistic behavior, presenting the minister with a number of examples.
In one example, the minister was told that several banks complained to another bank for not following though with the implementation of the same limits as the complaining banks had done.