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...

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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...

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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...

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There is a significant need for smart and technological financial solutions in the diamond industry

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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

ASSOCHAM Predicts a Gold Price Increase for India

13 june 2012

Gold prices in India may cross $550 (INR 30,000) per 10 grams during the June to August period, according to the Associated Chambers of Commerce and Industry of India (ASSOCHAM), Rapaport reported.
The price increase is expected due to a slowdown in inflows by foreign institutional investors (FIIs), rising inflation, rupee depreciation, growing signs of fatigue in the real estate sector and pent-up demand by jewelry manufacturers and traders in wake of India’s annual wedding and festive season, the industry body noted.
ASSOCHAM stated that India’s gold imports might also reach about 1,000 tonnes in the fiscal year that ends in March 2013, up from about 933 tonnes in 2012 and its price might touch $643 (INR35,000) per 10 grams by the turn of this year.
D.S. Rawat, ASSOCHAM’s secretary general said that lack of clarity on tax implications has led to massive slump in demand from FIIs, which has compelled investors to move out from capital and commodity markets and invest in bullion, both cash and exchange traded funds (ETFs), to hedge against inflation and still earn high yields.
“Besides, a weakening rupee against the dollar due to trade imbalance together with soaring current account deficit, slowing exports on account of falling growth in the U.S. and euro-zone and aforesaid reasons will lead to upwards trend of gold prices,” Rawat explained.