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...

Yesterday

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

India diamond units face shortage of roughs

06 november 2009

Surat, the biggest diamond polishing centre in the world in India, is facing a peculiar problem of shortage of diamond roughs, according to Commodity Online.
The reason for this is that diamond mining companies are holding back rough diamond supply in an attempt to maintain price levels. The rough prices have registered hike of almost 30 per cent since March 2009.
Surat has been recovering from the recession impact during the past few months with new orders from China and other nations flooding the Surat diamond units.
However, now most of the diamond mining companies, including De Beers, BHP Billiton, Rio Tinto and ALROSA, decreased the rough diamond production following the economic downturn in 2008. In the first quarter of 2009, De Beers alone had reported a 90 per cent cut in rough diamond production.
This led to shortage of rough diamonds and with demand outstripping the supply, the diamantaires are finding it tough to adjust to the volatility in the prices of rough diamonds.
Market observers expressed concern over the prices of rough diamonds that increased consistently since March 2009 even as polished diamonds prices remained unchanged.
The rough diamonds brought from Russia’s ALROSA mine at equally high levels have dispelled expectations that the Russian supplier may dump stockpiled goods in the market at discounted rates.
Since March 2009, the De Beers Diamond Trading Company (DTC) raised the prices of rough diamonds between 5 and 10 per cent. DTC’s Indian sightholders noted that the smaller rough that is supplied to the Indian market was most affected, while prices on other rough increased between 3 per cent to 7 per cent.

Yekaterina Davydova, Rough&Polished Asian Bureau Editor in Beijing