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

Israel's Sept. Polished Diamond Exports -33%

15 october 2009

Israel’s polished exports fell 33 percent to $449.9 million in September, the country's Ministry of Industry, Trade and Labor reported Wednesday. By volume, its exports dropped 26 percent to 247,791.70 carats as the average price of these goods declined 10 percent from September 2008 to $1,815.81 per carat, RAPAPORT reported.
Hong Kong was the strongest export destination for Israel’s polished diamonds, with $240.2 million worth sent there in September, followed by the U.S., Switzerland and Belgium. Exports to Hong Kong were likely boosted by Israel’s large contingent of attendees at the Hong Kong Jewellery and Gems Fair, which took place in September.
The country's polished imports decreased 39 percent to $256.7 million and net polished exports, the excess of exports over imports, fell 24 percent to $193.2 million. Israel’s rough imports dropped 28 percent to $248.9 million during the month, while by volume, the imports rose 3 percent to 1,007 million carats. The average price of rough imports was down 30 percent from that of September 2008 at $247.1 per carat. Rough exports fell 36 percent to $163.3 million and net rough imports, representing the difference between imports and exports, decreased 3 percent to $85.6 million. Israel’s September net diamond account, measuring total exports less total imports, dropped 35 percent to $107.6 million.
During the first nine months of the year, Israel’s polished exports declined 53 percent to $2.6 billion. Exports to the U.S. were down 60 percent to $970.6 million, while to Hong Kong, exports fell 43 percent to $757.2 million. Polished imports fell 56 percent to $1.5 billion, while net polished exports decreased 46 percent to $1.08 billion.
The country's rough imports dropped 60 percent to $1.59 billion, its rough exports fell 58 percent to $1.26 billion and its net rough imports decreased 65 percent to $329 million. Israel's net diamond account for January through September fell 31 percent to $747 million.