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

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Lukewarm Start to Fair Calendar

16 january 2012

The IIJS Signature held in India – since last year in Mumbai – opened this year’s trade fair calendar, on a lukewarm note. Not too hot, but not too bad either. Since the last few months, India too has been feeling the pinch – high gold and diamond prices coupled with a downslide in the economic climate, have cast a cloud over consumption, Diamond World reports in its Weekly E-Post.
At the IIJS Signature 2012 held recently, while jewellery sales did take place, they were nowhere as brisk as in earlier years. Business in jewellery reflected the heartening fact that India’s wedding segment will continue to be significant, whether better or worse, will depend on the market conditions and consumer sentiment.
Diamonds sales were decidedly sluggish, on the back of muted demand and the difficulty of arriving at a price comfortable for both buyers and sellers.
There are lessons to be learnt: in today’s globalised world no country can remain immune from crises affecting the world at large; and that consumers even in thriving economies will not remain immune to runaway prices forever. These are truths that the industry must accept and act upon, and not get carried away when times are good. Sometimes speculative buying at the B2B level, disregarding ground reality, only worsens the situation.
Now the world awaits the next few shows – Vicenzaoro, Baselworld and the Hong Kong Show, all in the first quarter to see how the year will pan out. Let’s hope things begin warming up as the year unfolds.