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...

Yesterday

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 Tel Aviv Town Hall Meeting: A Positive Future Ahead

19 june 2009

The second diamond town hall meeting held in Tel Aviv gave De Beers an opportunity to directly address Israeli diamond traders, and providing the local traders a chance to ask the company questions about the market, IDEX Online reported.
Following an opening statement by Diamond Trading Company (DTC) Managing Director Varda Shine, De Beers Managing Director Gareth Penny discussed for 15 minutes how the company views the current state of the industry.
Noting that rough diamond stocks and bank borrowing peaked last August, and then saw stock levels decline and borrowing cut by 20-30 percent (and 40 percent in Israel), Penny said that in De Beers’ 121 year history the industry only grew, despite repeated adverse circumstances.
Moderated by Chaim Even-Zohar, a trader asked why Diamdel wouldn’t sell goods for credit, as away to elevate the financial burden off manufacturers’ shoulders. Penny said that the company buys rough from its producers, and therefore sale for cash.
“What would happen if a bank refused to finance the next Sight, another trader asked. “I would be very surprised,” Penny replied, adding that rough diamonds are “a profitable business,” pointing out the Israeli banks, which “stood by players here.”
Answering a question about how De Beers views diamonds as investments, Penny said that while De Beers has historically stayed away from diamond funds, the company has been approached a number of times in recent months by financial institutions and is now re-examining the issue. He noted that one of the problems with such an effort is the lack of a polished diamond price index that is accepted by the industry.
The third and final Diamond Town Hall meeting will be held in Mumbai in July.