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

Zim to ‘shape’ global diamond industry in few years says UK securities firm

28 february 2012

Charles Stanley Securities said Zimbabwe’s “huge” diamond reserves are set to “shape” the global diamond industry over the next few years.
A commodities analyst with the UK securities firm, Kieron Hodgson was quoted by New Ziana news agency as saying that although the exact resource base of the Marange diamond fields remained unknown, official figures pegged it between 60 000 and 70 000 hectares.
“Zimbabwe really does have the potential to upset the applecart,” he said.
Hodgson said the southern African country was also expected to produce between two and three million carats per month at peak for around 20 years.
He said the country’s diamonds would dominate the Chinese and Indian markets since the US imposed sanctions on Marange Resources and Mbada Diamond, which both operate in the area.
“China is a massive investor in Zimbabwe so I think that China and Zimbabwe are likely to be very close trading partners with diamonds,” he said.
Meanwhile, the Indian Gems and Jewellery Export Promotion Council (GJEPC) said the United States should reconsider its ban on rough diamonds from Marange.
The council said some diamond manufacturers were not willing to trade with firms in Zimbabwe as a result of the US sanctions despite the low prices that were being offered.
"India has the potential to create more employment in the diamond and jewellery manufacturing centre, provided the US lifts its ban on Zimbabwe diamonds," Sanjay Kothari, the vice-chairman of the GJEPC said.
Zimbabwe, which is currently the seventh largest producer of diamonds in the world, had potential to supply 25 percent of global demand.
It had also been tipped to become the third largest producer by the end of this decade.

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