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...

Yesterday

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

Establishing an Equilibrium

16 april 2012

There are certain fundamental laws of economics that govern a genuinely free and globalised marketplace, and one of the most basic is that demand and supply have their own dynamics, Diamond world reports in its Weekly E-Post. The diamond industry is no stranger to this, having experienced how De Beers controlled prices through managing its diamond stockpile during the monopoly era, but had to suspend mining operations in a more competitive scenario in 2008.
These same laws have given birth to the system of auctions, now practised by all leading miners in some form.
In today’s globalised world, they cut across national boundaries and physical markets. Industrial capital flows into countries where quality manufacturing can be done cost effectively, and finance capital flows into those instruments and markets that offer the most attractive returns. Why should diamonds be any different, one was tempted to ask on reading the open letter from Russian manufacturers to their Indian counterparts? It concerned an appeal made by an Indian minister to the Russian government suggesting that it should sell a part of Gokhran stocks to Indian companies.
Though the merits and demerits of the issues raised are best settled through mutual discussion, especially since both the organizations are part of the International Diamond Manufacturers’ Association (IDMA), suffice it to say that ultimately goods will tend to flow in the direction of demand, just as water will seek its own level in nature.