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

RBI norms allow exporters some ease…

07 august 2012

Recently the Reserve Bank of India issued an order that it has amended its previous directive in which exporters were required to convert 50 percent of their foreign currencies held in Exchange Earner’s Foreign Currency (EEFC) accounts, into rupee, Diamond World reports in its Weekly E-Post. With the new changes, the RBI has allowed for exporters to retain 100 percent of their foreign currencies in the EEFC account, but for a limited period. Also exporters can cancel and rebook forward contracts up to 25% of their total contracts for hedging.
These changes provided by the RBI allow for operational flexibility, something much needed for the gem and jewellery sector. As we had mentioned in a previous editorial note, the gem and jewellery sector is much dependent upon procuring its raw materials from abroad. With the current flow of events of high inflation, a slow moving diamond market and the difficulties of liquidity, such a move brings hope and some ease. Although it has taken the government some time to create changes, we hope these changes create lasting opportunities for a better tomorrow.