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

Demand for gold has declined in the second quarter by 7% - WGS

17 august 2012

Global demand for gold amid the global economic downturn has decreased in the second quarter of this year by 7%, according to World Gold Council (WGC). Falling demand for precious metal has occurred, in particular as a result of its reduced demand in India and China, experts say.
According to the WGC, the demand for gold as an investment tool, as well as for gold jewelry in India has fallen in a year by 38% to 181.3 tonnes, while in China it decreased by 7% to 144.9 tonnes.
Nevertheless, global demand for precious metals remained relatively stable in financial terms. In the second quarter of this year it amounted to $51.2 billion compared to $51.6 billion during the same period in 2011.
In 2011, the increase in gold prices reached nearly 10%, but in the second quarter of this year the cost of metal has fallen by 4%.
Experts call the debt crisis in Europe and the acceleration of inflation in different countries as main factors supporting the value of gold, which is regarded by investors as a more reliable alternative to volatile currencies and subject to severe fluctuations in shares of companies.

Alex Shishlo, Editor in Chief of the European Bureau, Rough&Polished