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

China may beat India in gold consumption

02 december 2009

China is showing an unending appetite for the yellow metal and its production is set to record a new high this year, Commodity Online reported. According to newspaper reports, the country’s gold demand might be more than 450 tonnes this year, up from 395,6 tonnes last year, and output might climb to 310 tonnes, compared with 282 tonnes a year earlier.
China overtook South Africa to become the world’s largest gold producer in 2007. The World Gold Council (WGC) said in July China might pass India as the biggest consumer. Bullion touched a record of 1195,13 /oz on Thursday as a weaker dollar drove demand. Bullion, up 34% this year, is set for a ninth annual gain as central banks, pension funds and individual buyers seek to protect their assets from potential currency debasement and inflation.
Gold might climb to 1500 /oz as the dollar fell amid low interest rates, Kenneth Tropin, chairman of Graham Capital Management, told Barron’s in its issue today.
Jewellery sales in China would climb at a double-digit pace this year as record household savings fuelled demand for investment products and wedding gifts.
Sri Lanka bought 10 tonnes from the IMF for about 375m, the IMF said, following India and Mauritius.
China is “quite a likely” buyer in coming weeks, Ben Westmore, an analyst with National Australia Bank, has said.

Yekaterina Davydova, Rough&Polished Asian Bureau Editor in Beijing