Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...


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

Gold Prices Forecast to Peak

10 july 2009

Driven by a fear of inflation, new record high prices for gold are expected in the second half of 2009 – those are the conclusions of GFMS Precious Metal Research & Consultancy, expressed at a function in China, reported citing Mining Weekly.
GFMS chairperson, Phillip Klapwijk, spoke in Beijing at the launch the annual Gold Survey on Wednesday alongside experts from Shanghai Futures Exchange and Shanghai Gold Exchange.
Klapwijk explained that as far as supply in 2009 goes, it is expected to increase. Financial pressures result in larger quantities of used jewelry going back into the market. A mild increase of mining activities is also expected to add to supply. Demand for new jewelry is expected to decline dramatically. However, investors are forecast to purchase the surplus of gold. “The price may have pulled back a fair bit from the February highs but that was largely just the market’s reaction to jewelry demand crumbling and scrap booming. We believe that it’s far from game over for investors. The gold price in the coming months could easily re-attain the $1 000 mark and is likely to push up towards a fresh record high before the end of the year,” said Klapwijk, as reported in Mining Weekly.