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

Head of Angola's Endiama says diamond prices recovering from slump

07 december 2009

Angolan state-owned diamond firm Endiama said that diamond prices are continuing to recover from the slump in demand that began with the global financial crisis a year ago, Antwerpfacetsonline reported.
Prices of Angolan diamonds fell by around 70 percent last year, leading some diamond companies such as BHP Billiton to divest from some of its mines in the country.
Antonio Carlos Sumbula, who was recently appointed head of the firm, said: "The situation is improving and we hope it continues to get better," in comments cited by Reuters.
Endiama controls all diamond concessions in Angola, and owns up to 51 percent of 12 of Angola's 14 active diamond mines. The country, the world's fifth-largest diamond producer, has 100 mines open for new concessions.
Carlos Sumbula said one of Endiama's goals under his leadership would be to start producing diamonds on its own, without depending on joint-ventures with foreign firms, Reuters reported.
"We are going to implement the government's plan (for the sector)," he said. "We want Endiama to have better results and to start producing its own diamonds."
According to government plans, Endiama will implement widespread cost-cutting measures that have already started to help counter the drop in income from lower diamond prices.
The government has also asked Endiama to begin exploring for other precious minerals such as gold.
Angola, which produced 8.9 million carats of diamonds in 2008, is forecast to see output stay stable at 9 million carats this year and in 2010, according to the country's budget for next year.