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

Warning Signals

11 may 2012

The 2012-13 Indian financial year has started with some early warning signals that the Indian economy, which was seen as one of the great big hopes in a bleak economic scenario, is not without its fault lines, Diamond World stated in Weekly E-Post.
On the export front, figures for March showed a year-on-year fall for the first time since the financial crisis of 2009. It’s a logical development of the decline that set in during the last quarter of 2011, as international prices of oil and gold (two of India’s largest imports by value) soared, even as demand for the dollar revived, impacting the rupee-dollar rate.
The rupee continued to slide in April – the fourth consecutive month, almost breaching the 53.5 mark this week. Analysts expect that it could decline further, even to 55-56 levels.
Simultaneously, India’s growth rate has slowed down, leading to a downgrade of its credit rating by some international agencies.
A denting of India’s export-led growth will have an impact on domestic demand too, as profits may decline and less disposable income will be available with consumers.
It’s not all dark clouds, however. Signs of a modest improvement in the US and an Indian economy that is still growing at a healthy rate of over six per cent are, indeed, tiny silver linings.
India’s gem and jewellery sector needs to read the warning signals and evolve strategies for dealing with them. Those who do so correctly will be better placed to ride the wave when the revival comes.