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

Yakutia Saw a Drop in Polished Diamond Production

24 july 2012

Following the period of January – June, 2012 enterprises of Republic Yakutia reduced polished diamond production by 44% to $70.674 million, compared to the corresponding period of 2011, RosBusinessConsulting reported.
As was previously reported Yakutia expected to attain polished diamond production of $119.7 million by the end of the first half of 2012.
Decline of production and sales figures for the period in report is associated with continuous economic recession in Eurozone as about 86% of polished production is subject to exports, the Ministry of Economy and Industrial Policy of Yakutia noted.
For the first half of 2012 Yakutia-based companies produced jewellery worth a total of 520 million rubles which represents 10% increase compared to the same period of 2011. The growth of production is explained with large amount of orders on the threshold of national Ysyakh holiday.
Following the results of the first quarter of 2012 Yakutia posted jewellery production of 315.7 million rubles, an increase by 24%.
According to the data provided by Department of mining complex, jewellery and cutting industry at the Ministry of Economy of Yakutia, recently the local producers have been forced to expand production of affordable goods, particularly shifting to silver jewellery studded with small-sized diamonds which had been of higher demand.