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

India's Polished Trade Shrinking in January

24 february 2012

According to IDEX Online, India's polished diamond trade declined in January, mostly its imports. The agency says that India exported a net of $828.4 million worth of polished diamonds in January. The volume of India's net exports was 1.36 million carats.
Ever since the decline in retailers' purchases of polished diamonds that started in July 2011, India's trade has been suffering from sluggish business.
The average value of net exports during the month is $609.12 per carat, based on the figures released by the GJEPC.
India's gross polished diamond exports in January totaled $1.77 billion, plunging 19.2 percent from January 2011. The volume of exports, 3.32 million carats, dropped 36.7 year-over-year.
Polished diamond imports were clearly on the low side. Imports of 1.97 million carats worth $944.9 million are far less than the 4.07 million carats worth $2.28 billion imported in January 2011.
A possible cause of the year-over-year decline (51.7% by volume and 58.5% by value) is the reinstatement of the polished diamond import tax. The tax is 2 percent of the value of the goods.