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 Prices to Remain Firm This Year

16 march 2012

Rapaport says that diamond prices, which have remained strong following a cycle of auctions in 2012, are expected to remain firm this year due to strong demand from India and China, coupled with an improving macro-economic outlook for the U.S., according to Goldman Sachs.
Analysts Eugene King and Fletcher Tully said, “We also expect stronger demand from India as the rupee has appreciated by 6.3 percent versus the U.S. dollar year-to-date,” lowering the price in the domestic currency for Indian consumers.
In addition, the Reserve Bank of India (RBI) expects the lowering of the reserve ratio to add $9.6 billion in lending capacity and should ease access to funding, which is critical for diamond cutters and dealers in India given their requirements for working capital, they added. The RBI announced a cut to the official cash reserve ratio (CRR) by 75 basis points to 4.75 percent on March 9. CRR is the percentage of deposits that commercial banks must keep with the RBI.
Analysts also stated that China's plan to have a more consumer driven economy should provide a boost for the industry. “Coupled with the expected cut to taxes on imported luxury items later this year, we believe the diamond market in China is poised to experience an extended period of strong demand,” they explained.
Goldman projected that the fundamentals of the market supported a prolonged period of tight margins and increased its assumptions that diamond prices would increase by 5 percent for 2013 and 2014. It added that mid-tier miners, Petra Diamonds and Gem Diamonds for example, will deliver strong growth for investors.