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

Diamond Replacing Gold in Indian Jewelry

29 june 2012

Rising gold prices are causing more and more consumers in India to purchase diamond jewelry as opposed to gold jewelry, which has traditionally been more popular, the Hindustan Times reports cited by Israelidiamond.co.il. An increase of approximately 30% in the price of the precious metal in the last twelve months alone influenced the shift in purchasing patterns.
Gems and Jewelry Export Promotion Council chair Rajiv Jain also noted that in addition to this price inflation, gold is subject to import taxes, further increasing their cost, whereas many diamonds are cut and polished in India, making them exempt from these duties.
An Indian diamond industry expert said that in addition to price considerations, there are cultural factors at play in this shift. All India Gems and Jewelry Trade Federation chair Bachhraj Bamalwa said that young Indians are starting to show a preference for diamond jewelry because it is lighter and reflects a fusion between western and Indian designs, which are traditionally more bulky.