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...

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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...

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There is a significant need for smart and technological financial solutions in the diamond industry

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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

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23 august 2021

Low range diamond prices dip as cheap Zim gems ‘flood’ Surat

06 february 2012

Cheap Zimbabwe diamonds that made their way into Surat last November after the Kimberley Process (KP) allowed their exports from the controversial Marange fields are pushing prices - especially in the low range category - downwards.
The Times of India reports that prices of rough diamonds by De Beers and Alrosa registered a decline of between 6 percent and 10 percent last month.
It also said that the low range diamond boxes of these giant diamond mining companies were selling at discounted rates of up to 25 percent in Surat and Mumbai.
"The giant mining companies seem to be under price and sale pressure since November 2011, when the Zimbabwe goods started to enter India,” Aniruddha Lidbide, a diamond analyst was quoted as saying.
“India is the biggest consumer of low-range goods and thus the prices are likely to decrease further in 2012."
Industry leaders say Zimbabwe diamonds were about 50 percent cheaper than those from other sources.
The Times of India also claimed that about 30 percent of the diamond pieces currently manufactured in Surat were Zimbabwe stones.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished