Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...


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...

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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

Gold demand sparkles in Q3

23 november 2009

China’s retail demand for gold rose to a record high in the third quarter on a stronger economic growth, an industry report said.
The outlook for the fourth quarter depends largely on gold prices. If gold prices remained at the all-time high of US$1,153.40 an ounce, demand may weaken. Gold kept its surging momentum, trading around US$1,140 an ounce yesterday.
Consumer demand for gold soared 10 percent from a year ago to 128.6 tons in the third quarter of this year in China, including the Chinese mainland, Hong Kong and Taiwan, the World Gold Council said, citing data from GFMS, a precious metals consultancy.
Demand for retail gold jewelry rose 7 percent to 99.5 tons while retail investment demand in gold bars and coins gained 23 percent to reach a record high of 29 tons in the third quarter.
"The quarter's strong result was driven solely by a rise in consumer demand on the mainland," the WGC said. "Consumers in Hong Kong and Taiwan were deterred by the soaring gold prices in September, with Taiwan's weaker economic scenario further discouraging domestic demand." The demand for gold on the mainland rose 12 percent to 120.2 tons even as the gold price surged during the quarter.
The mainland's faster-than-expected economic growth of 8.9 percent in the July-September period supported a strong retail gold demand, the WGC said.
The 60th anniversary of the People's Republic of China also provided an ideal opportunity for many consumers to buy both jewelry and commemorative retail investment items.
"Retail demand is likely to weaken in the fourth quarter, particularly as jewelry retailers may be reluctant to build up stocks at higher prices as they get ready for the year-end," the WGC said.

Yekaterina Davydova, Rough&Polished Asian Bureau Editor in Beijing