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

Damas to Liquidate Italian Subsidiary

14 october 2009

The shake up at Dubai-based Damas International continued Tuesday as the jewelry retailer decided to close its Italy subsidiary, DIT Group SPA, RAPAPORT reported.
Damas said the Italian operation, which trades under the trademarks Stefan Hafner, loSi, Porrati and Nouvelle Bague, was running at a loss and accounted for less than 2 percent of the group’s total revenues in fiscal 2009. Damas jewellery holds 87.23 percent of the DIT share capital.
The announcement comes a day after Damas chief executive officer Tawhid Abdulla resigned for conducting “unauthorized transactions” valued at approximately $165 million. Damas explained that the full extent of the transactions has not yet been ascertained but stressed that it has adequate funds to meet its current financial obligations and is “continuing business as usual.”
The board has appointed deputy CEO Hisham Ashour to replace Abdulla effective from October 11.