Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...


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

Opinions offered by Rapaport and IDEX regarding February diamond prices diverged

20 march 2012

According to the data published in the latest report from Rapaport, February diamond prices declined by 1.8%, while the research data posted by IDEX show that the average price of polished diamonds in February, by contrast, went up 0.8%.
According to the Rapaport report, prices for different categories of polished diamonds in February behaved differently: prices for stones one carat or more in size fell by an average of 1.8%. This was especially true for larger gems – three-carat diamonds decreased in price by 2.1%. Diamonds weighing 0.3 carats were more fortunate - they went up 3.6%, while those weighing 0.5 carat grew by 0.9%. According to Rapaport Index, the absolute difference in price changes for polished diamonds in February was 0.6%, which approximately corresponds to the average increase in prices of 0.8% claimed by IDEX.
Both companies noted the positive impact of the recent Hong Kong jewelry fair on the jewelry industry and consumer confidence. However, Rapaport takes into account the fact that on the eve of the exhibition trade slowed down immediately affecting prices. The report also warned that the next few months would be a difficult period for the jewelry trade. The data offered by IDEX give a more optimistic outlook in the short term, which is related primarily to the slow recovery of the U.S. economy.

Olga Patseva, Editor in Chief of the American Bureau, Rough&Polished