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

The seminar "Lessons from China's success story in gold jewellery retailing" was held in India

10 august 2009

The seminar "Lessons from China's success story in gold jewellery retailing" by Albert Cheng, managing director, Far East, World Gold Council (WGC) was held on the second day at the 26th edition of India International Jewellery Show (IIJS) 2009.
According to Mr Cheng, in 2008, China consumed around 395.6 tonnes of gold. He said, "Increasing wealth in China will lead to higher jewellery consumption. We are still far away from India but we have to catch up".
As per the statistics shared by him, out of the total gold consumed, around 248.7 tonnes have been pure gold. He also said that around 25.7 tonnes of platinum and 20.6 tonnes of palladium were consumed by Chinese market.
"China has a more liberalized gold market and a faster growing economy. It has more consolidated manufacturing base and a keener competitive operating retail scene. There has been an increase in demand for 24k gold jewellery after the current financial crisis reinforcing the role of gold as "store of wealth".

Yekaterina Davydova, Rough&Polished Asian Bureau Editor in Beijing