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

Japanese Diamond Traders Stuck with Stock, Imports Focus on Low Cost Goods

28 august 2009

Demand for diamonds in Japan continues to be depressed, and June import figures reflect this. Japan imported 156,710 carats worth $50.9 million, a modest 3.2 percent decline in volume but a sharp 25.6 percent in value, according to data released by the J Club Inc, IDEX Online reported.
With the volume of trade shrinking only moderately, it is clear that Japanese traders are supplying the same level of goods to the retail market, however at much lower values than before. This is possibly an outcome of a shift in consumer interest to lower valued goods.
The average value of imports in June stood at $324.82 per carat, far less than the average $422.52 p/c imported in June 2008.
According to a diamond trader based in Tokyo, Japanese diamantaires and jewelry manufacturers are holding on to a large stock of goods and most diamond sales takes place between traders. Imports of fresh goods, mostly from India at an average value of $183 p/c, are largely to fulfill specific orders.
Imports from India totaled $21 million, a 9.6 percent decline from last year. Shipments from Belgium were worth $12.78, declining 36.5 percent year-over-year. Imports from Israel were slashed by more than half (52.5%) to just $5.13 million.