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

Namibia’s diamond exports drop 30% -Bank

31 july 2009

Namibia’s diamond exports tumbled by about 30 per cent in 2008 as a result of the global economic downturn, which started ravaging the diamond market during the last quarter of the year and spilled into 2009.
Standard Bank Group Economics for Namibia’ mid-year economic outlook indicated that despite mining 2,1 million carats, the country’s leading diamond miner, Namdeb  managed to export 1,611 million carats last year, a far out cry from the 2,265 million it produced in 2007.
The Namibian reported that Namdeb had to cancel its November and December sights as they were “significantly smaller than usual” hence it ended the year with a large stock of unsold diamonds.
To ensure viability, Namdeb was forced to take a three-month production holiday from April to end of June this year.
The company said it also retained dividends of NAD51 million (USD1=NAD7.73).
Earnings from diamond exports during the first three months of 2009 were NAD430 million, a 65 per cent drop from the NAD1,2 billion realised during the last quarter of 2008.
Namdeb reported last week that its 2008 net profit was 226,5 percent higher at NAD467-million compared with NAD143-million realised the previous year.
The increase was attributed to a “buoyant demand” in the first three quarters of 2008 before the effects of the global economic recession reversed the trend.

Veronica Novoselova, Rough&Polished African Bureau editor in Namibia