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: Diamond Processors Protest the Promotion of SEZs

15 march 2012

Special Economic Zones (SEZs) across India have turned out to be major trading centers for cutting and polishing diamonds, posing a threat to the traditional diamond processing industry, according to Business Standard cited by Israelidiamond.co.il.
There are currently 10-12 SEZs dedicated to the jewelry sector across the country, of which Mumbai and Surat are the largest.
Data compiled by the Gems & Jewelry Export Promotion Council (GJEPC) show that trading activities in Mumbai and Surat combined have increased significantly in the first ten months of this financial year. In the Mumbai SEZ alone, import of cut and polished diamonds has risen by 32.3%, according to Business Standard.
The GJEPC has urged state governments in India to withdraw trading licenses from the SEZs. The government has been promoting these zones by offering a number of tax benefits to manufacturers.
India is a major diamond processing region, cutting 11 of every 13 rough diamonds produced across the world. The cutting and polishing diamond industry employs approximately a million people in India.