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

Russian Jewellery Retail Market Expanded by 1.3% in 2011

03 september 2012

According to a recent marketing research, named “Jewellery Retail: Results of 2011, Outlook for 2012-2013,” conducted by NeoAnalytics, the Russian jewellery retail sector slightly expanded in 2011 having posted year-on-year growth by 1.3% to 133.5 billion rubles, Russian Jewellery Network reported.
Following the results of 2010 the Russian retail jewellery market saw a 29% year-on-year growth of volume and reached 131.7 billion rubles, compared to moderate growth by 4.7% posted during recessionary year of 2009.
Starting from 2000, and until 2009 we saw intensive development of jewellery market which posted 25-30% growth each year. This was attributed mainly to the growth of precious metal prices and increase of households’ effective income.
At present time the legal segment of jewellery sector enjoys merely 0.7% share of the total retail trade turnover in Russia. Russian jewellery industry incorporates about 4,440 players, including 1,300 enterprises and over 3,100 individual entrepreneurs, with over 20,000 specialized jewellery stores and approximately 150,000 people employed in jewellery manufacturing.
NeoAnalytics revealed that 60% of the jewellery market fall at massive jewellery production in price segment of 5,000-10,000 rubles per item, mainly represented with light-weighted ornaments. Medium price segment of jewellery production (10,000 – 25,000 rubles per item) accounts for about 30% of the retail market while 10% share is reserved by higher and premium price segments (25,000 – 100,000 rubles per item, and above).