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

Sierra Leone H1 diamond exports down 28%

13 august 2009

Exports of diamonds from Sierra Leone fell by around 28 percent in value year on year in the first half of 2009, according to official data seen by Reuters on Wednesday.
Shipments of the precious stones, the poor West African country's main source of foreign currency, were valued at just under $36 million in the first six months of the year, down from around $50 million in the same period of 2008, figures showed.
Lower demand for diamonds among consumers whose disposable income for luxury goods has been reduced by the impact of the global financial downturn, as well as declining grades in easily accessible locations, are discouraging production.
"A lot of money has to be spent in diamond mining this time round in Sierra Leone because little can be done now in surface mining," said Ibrahim Gina, manager of the government's Gold and Diamond Office.
Average prices of diamonds on world markets are 18 percent down from their level at this time last year, according to data from independent news provider PolishedPrices.
Earlier this year, London-listed Target Resources said it was suspending diamond mining in the former British colony.
During its 1991-2002 civil war, diamonds mined there helped finance rebels who murdered and raped civilians, and the stones became a global symbol of the most destructive impact of the exploitation of natural resources in Africa.
Since the war ended, resources firms have stepped up efforts to find and dig bauxite and titanium ore rutile, as well as gold and diamonds, in a country ranked bottom of the United Nations' Human Development Index.
"The country expects very low exports by the end of the year," independent financial analyst George Turay said. "All the indications are that 2009 will be bad."