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

Blue Nile Optimistic For Increase in Diamond Sales

09 june 2012

Profits of the internet jewelry giant Blue Nile have suffered in the last year. The company also recorded an increase of 5% in sales in 2011, totaling $348 million. The price of Blue Nile shares, which reached a high of $100 in September 2007, dropped to $29.75 last Friday, Globes reported cited by Israelidiamond.co.il.
One of the factors that contributed to the reduced profits of Blue Nile was the sharp increase in the cost of polished diamonds, which reduced its relative advantage over other companies. Despite this, diamond industry experts predict that price inflation will end this year and believe it likely that the company will soon return to successful earning results.
The Blue Nile corporate model is markedly different from other jewelry companies, as it only purchases the diamonds after it receives an order from a consumer and is paid for the order within days. This business model allows it to reduce the cost of items by approximately 20-25% compared to brick-and-mortar jewelry stores.