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

CRISIL Urges Gov't Policy Change to Revive Rupee

11 july 2012

The Indian government needs to implement a series of policy changes to revive the ‎rupee, CRISIL said.‎
The research company stressed that the currency, which has lost about 25 percent in ‎value in the past year, could appreciate back to around $1 to INR 50 by March 2013, Rapaport reports. The ‎rupee traded at INR 54.49 at press time on Wednesday after touching an all-time low of ‎‎57.32 in June.
CRISIL’s outlook depended on the initiation of some policy measures to strengthen the ‎currency, maintaining steady economic growth, curbing inflation and easing the current ‎account deficit, which may take affect due to the recent softening of crude and ‎commodity prices. These factors could combine to boost investments in India. CRISIL ‎also expects the Eurozone crisis to improve by the first quarter of 2013 which would ‎further stimulate a return of capital to India. ‎
Recent measures taken by the Reserve Bank of India, including raising the foreign ‎institutional investor investment limit in the government securities market and reducing ‎the residual maturity on such investments, could attract capital inflows in the medium ‎term, CRISIL stated. The decision to allow manufacturing and infrastructure companies ‎to avail external commercial borrowings to repay rupee loans in the domestic banking ‎system could also stimulate capital inflows in the short term.‎
CRISIL expects that the rupee will remain under pressure without the foreign capital ‎injections. The current account deficit may ease to 3.6 percent of gross domestic product ‎in 2012-13 from 4.2 percent in the previous year. CRISIL noted that if government ‎maintains its current domestic policy, coupled with prolonged Eurozone problems and ‎ongoing global economic weakness, the rupee may settle at around INR 55 to INR 57 by ‎March next year.