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...

Yesterday

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 European Gemological Laboratory Asia to venture into mainland China

13 august 2009

The European Gemological Laboratory (EGL) Asia, which established its Hong Kong office in June 2008, is ready to explore opportunities in the fast-growing China market. Apart from holding media seminars and introducing gemmological courses, the laboratory harnesses the power of the Internet in expanding its market presence.
Founder and CEO of EGL Asia Joseph Kuzi acknowledged that the lab’s first year in the region was made difficult by the outbreak of the global financial crisis. “We noticed more goods started to come in [for grading] beginning in April although the quantity is still nothing compared to before”.
Asked where he thinks market opportunities lie, he replied: “China, China and China.”
As a starting point in the lab’s venture into the mainland, Mr Kuzi spoke to officials of the National Center of Quality Supervision & Inspection On Gold-Silver Products (NGGC). “It is important to have NGGC acknowledge our work,” he said.
Mr Kuzi observed that there is a rapidly growing interest in diamonds among Chinese consumers, but the consumers’ lack of knowledge about diamonds is a barrier. “The China market is relatively new to diamonds so there is a gap that needs to be closed. For the diamond and jewellery trade to take advantage of this lack of knowledge is to make profit only on a very short term. It is important that we, as members of the trade, teach them not only about grading certificates, but also about the cut and proportions of a diamond,” he said.
Joseph Kuzi is also looking forward to opening a representative office in Shanghai. Plans to have offices in Guangzhou, Shenzhen and Beijing are also being made. “China is the present and the future so we are working very heavily in this market,” said Mr Kuzi.

Yekaterina Davydova, Rough&Polished Asian Bureau Editor in Beijing