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

Indian Jewelry Firm Set to Acquire Chinese Company

06 march 2012

India’s largest diamond jewelry retailer is on the verge of acquiring a jewelry diamonds retailer in China, reports.
According to Reuters, Gitanjali Gems will likely announce within the next three months that a deal has been reached to buy Crown Aim, which is based in Hong Kong. The financial details of the transaction have yet to be disclosed.
Abhishek Gupta, who heads Gitanjali’s corporate strategy department, said that the firm is looking to acquire a retailer with about 50 stores, and that it is very interested in expanding its operations in China.
Gitanjali is valued by the market to be worth $752.2 million. It seeks to extend its reach in India, China, and the U.S. for the coming fiscal year.
Most significantly, it recently signed a sourcing deal with $10 million with a consortium of diamond miners. Gupta said the deal will help bring down costs by as much as 10% while keeping supply consistent.