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

Asking for Discounts at Tiffany's Proves Unsuccessful

18 june 2009

Despite the deep recession and the general decline in sales of fine jewelry and luxury goods, fine jeweler Tiffany & Co has stood by its firm "no discount" policy in light of growing attempts by the jeweler's costumers to bring down the price, Israelidiamond.co.il reported.
Michael Kowalski, Chief Executive at Tiffany's, said at "Reuters Global Luxury Summit" last week that more and more consumers who walk into the stores ask about discounts to the fine jewelry pieces, but re-affirmed the company's policy:  -"the price is the price."
Tiffany's firm price policy has been a staple of the fine jeweler for many years and is in place in order to retain higher value and prestige for its brand and keep the company's position at the top of the jewelry retail market.
Industry analysts said that lowering prices might slightly increase the company's turnover, but conversely would hurt the brand in the longer term.