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

Rio Tinto Raises Diamond Prices 15% as Demand Begins to Recover

15 october 2009

Rio Tinto Group, the third-largest diamond producer, raised prices for the gems it mines in Canada by 15 percent last month as demand recovered, Bloomberg reported.
The increase from the prior month was for diamonds from Rio’s 60 percent-owned Diavik mine, said Bret Clayton, chief executive officer for diamonds, copper and nickel. While retail diamond sales fell by about a third during the world financial crisis, sales by mining companies slumped as much as 70 percent as wholesalers used up their stockpiles, he added.
“We’re seeing demand start to pick up,” Clayton said today in an interview in London, where Rio is based. “The supply chain is now de-stocked, so we are starting to see some pull-through in demand for diamonds.”
The price rebound follows an easing in the global economic slump that slashed demand for luxury goods and profits at ZAO Alrosa, Rio and De Beers, the largest producer of the gems. All three companies have restarted mines and processing capacity in the past four months in anticipation of a recovery in the U.S. and growing jewelry demand in China and India.
Rough, or uncut, diamond prices are rebounding after falling as much as 65 percent from September last year through March, according to Ambrian Partners Ltd.
Rio, which operates the Argyle mine in Western Australia, is studying projects in the Democratic Republic of Congo and India, Eric Finlayson, the company’s exploration chief, said last month. The company also said it would resume an A$1.8 billion ($1.6 billion) expansion at Argyle.
Clayton declined to comment on reports Rio and BHP Billiton Ltd., the world’s biggest mining company, may combine Canadian diamond operations. Rio regularly talks with BHP and De Beers, which also operates in the country, on saving money, he said.
Rio and BHP are considering a A$1 billion merger of their Canadian diamond operations, the Australian reported on Sept. 7, without saying where it got the information. BHP has sent employees to Canada to investigate how its Ekati mine and Rio’s adjacent Diavik mine could be combined, the newspaper said.