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

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Polished diamond prices volatile in June

03 july 2012

Diamond prices were highly volatile in June, but the trend remained downward. The overall PolishedPrices index finished the month at 149.4, 0.2% below the level at the end of May, reported. The average for June stood at 150.5 points, 0.7% below the May average and 5.5% below the average for June 2011. The first six months of the year saw the index fall by 4.4% and it is 14.8% below the peak of August 2011.
The turnaround in prices that PolishedPrices were expecting to happen in the second quarter failed to materialise and the high volatility has left the overall index oscillating between their central forecast and the lower bound.
The high volatility is an indicator that the markets are currently nervous about the economic situation and are not functioning properly. If you need to sell you will have to do so cheaply, but, if you need to buy, you will have to pay the full rate.