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

"Diamond" scandal broke out In South Korea

21 february 2012

Several high-ranking South Korean officials and officials of the CNK International company became the subjects of the investigation received wide publicity in South Korea, Radio France International reports.
The suspects are accused of deliberately overstating the potential of the diamond mine Mobilong in Cameroon in order to obtain extra profits in the stock market.
Direct violation of the law took place in December 2010, when CNK International has received a license to develop the mine in Cameroon. Then on the wave of euphoria in the government of South Korea's the reserves of the mine were estimated at 420 million carats of diamonds, which is about 17 times greater than its real potential.
After that, the value of shares CNK International jumped 4.6 times in 16 days. However, very quickly appeared doubts about the real potential Mobilong mine and suspicion immediately fell on some South Korean officials, who are accused of obtaining personal benefits from over-estimate the reserves.
In January of this year South Korean authorities have stopped the powers of the Natural Resources Ambassador Kim Eun-Sok, which, according to investigators, played major role in this fraud and gave the false estimation of the mine’s potential. Members of the Yun Sok’s family purchased securities of the CNK International before the estimation of reserves Mobilong’s reserves was announced
As for the head of the company, which is also in on the list of suspects, according to investigators, a transaction in shares brought him the order of 55 million euros.
South Korean prosecutors have promised to make public the names of some others top suspects in the case of "diamond" fraud, including the former deputy of one of the ministers.

Alex Shishlo, Editor in Chief of the European Bureau, Rough&Polished