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

China major buyer of Indian diamonds

09 september 2009

For years, the diamond industry has been worried about China with its cheap labour edging Indians out of global markets. But, in a sudden turn of events, the neighbouring country has emerged as a major buyer of Indian diamonds.
"With the Western markets showing signs of decline, diamond exporters are looking at entering the Chinese markets," says Amit Jain, a small diamond exporter, who is setting up operations in Hong Kong.
According to him, Indian diamond exporters are looking at Chinese cities like Macau, Shanghai and other places to set up operations.
According to exporters, the Chinese markets are still bullish because of the massive fiscal stimulus undertaken by the government of that country. Flush with cash, Chinese customers are buying diamond jewellery aggressively.
Chinese buying habits, according to those in the trade, are similar to that of Western buyers. Small diamonds below one carat are said to be in demand.
That is good news for Indian diamond exporters who cut and polish the smaller stones, leaving the bigger and more expensive part of the business to European and Israeli players.
India's main cutting and polishing hub Surat is expecting the demand for diamond jewellery from China to peak in the week beginning October 1 when the country celebrates National Day Golden Week.
Exporters from Surat are camping in Hong Kong to push diamond jewellery. Indians are aggressively slashing prices to beat competitors from Israel and Antwerp.
Indians have reportedly emerged as major players in Hong Kong, controlling nearly 60 per cent of the diamond market in that city.

Yekaterina Davydova, Rough&Polished Asian Bureau Editor in Beijing