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...

Yesterday

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

Prices for rough and polished diamonds will grow

23 march 2012

Prices for rough and polished diamonds will grow. This forecast was made by Ilya Yuzhanov, Chairman of the Supervisory Board of ALROSA, the world's largest diamond mining company. He also commented on demand and prices and spoke about the company’s plans to go public in an interview to the Russia 24 TV Channel later cited by www.vesti.ru.
Ilya Yuzhanov specified that currently the company is not so much discussing plans to enter the stock market as is focused on a free float of the company’s shares owned by the Russian Federation and the Republic of Sakha (Yakutia). According to the Chairman of the Supervisory Board, there are several points of view on the extent to which and how to privatize the shares. One option is to float a 14% stake including 7% owned by the Russian Federation and 7% owned by the Republic of Sakha (Yakutia). "This option is supported by the Board of Directors of the company. For them, this is the most viable option. But this does not mean that it will ultimately be approved," Ilya Yuzhanov concluded.
As for the overall state of the diamond market, the diamond mining companies do not feel the waves of the crisis affecting their business. "The number of large new deposits is not growing. Older deposits are gradually worked out, so there is no reason to wait for some great amount of diamond supplies suddenly thrown into the market. Demand is increasing; hence, there is no reason to reduce prices. They are to grow constantly and consistently. Therefore, we are optimistic about market trends," Ilya Yuzhanov summarized.