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

Taiwan the Biggest Market for Diamonds 5 Carats and Larger in 2008

02 july 2009

Last year, more large diamonds — 5 carats or larger — were sold in Taiwan than anywhere else, with the island ranking among the top-five for overall jewelry sales, according to the De Beers Group, the London-based diamond giant and the world's largest miner and marketer of the gem. This seems to reflect the considerable spending power of top-end consumers in Taiwan, RAPAPORT reported.
De Beers established its first outlet in Taiwan in 2006 and has since expanded very rapidly, with three flagship stores in Taipei so far. A top-quality 5-carat diamond is currently priced at $1.5 million (TWD 50 million), and is prized by Taiwan's rich for its preciousness and scarcity, which usually guarantee value.
After successfully promoting diamond products on the island, De Beers recently decided to move its promotional center to China, as that nation is forecast to become the world's largest market for luxury products in five years, estimated to command a 23 percent share of the segment. A study by the China Brand Science Management Association, a nonprofit organization in China that focuses on the development of Chinese brands in both local and world markets, indicated that by 2010, about 250 million Chinese would buy high-end branded products. Despite refocusing on the China market, De Beers will remain active in Taiwan to keep expanding there.