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

Namibia’s Nu Diamonds shuts polishing, cutting plant as workers protest

30 july 2012

Nu Diamonds’ cutting and polishing plant in Namibia has been shut down due to a one week long strike by its employees demanding for higher salaries as the cost of living continue to spiral in the southern African country.
"We, the employees of Nu Diamonds, hereby want to express our dismay to the management with regard to the way they are treating us…,” The Namibian newspaper quoted the workers as saying in a petition.
The employees said that the company management's behaviour was "immature and very unprofessional", adding that they were “tired of working for nothing”.
A spokesperson for the employees Sharon Katamelo said that they would continue with the industrial action until their complaints were addressed.
Several diamond cutters and polishers had been feeling the pinch of the global economic slowdown.
De Beers, which supplies diamonds to polishers and cutters in Namibia through the Namibian Diamond Trading Company (NDTC) allowed its sightholders to defer purchase of as much as half their diamond allocation until March 2013.
"If (customers) can't afford to buy, we have to adapt. This is why we have taken the extraordinary decision to defer up to 50 percent of (sightholders' allocation) up to March [2013]," De Beers chief executive Philippe Mellier said last week after the company’s profit before finance charges and taxation during the first six months of the year fell to $502 million down from $1.02 billion realised a year earlier.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished