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...

Yesterday

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 will not meet sightholder demand as output remains subdued - report

24 september 2012

De Beers said it will fail to meet demand from its sightholders for the next six months due to weak diamond output.
The company’s production fell 13 percent to 13.449 million carats in the first half of the year. ‎
De Beers had been focused on waste stripping and ‎maintenance since the fourth quarter of 2011  when the market started to soften.
“We will have shortfalls for the rest of the intention to offer (ITO) period and the next Diamond Trading Company (DTC) sight will again be small,” Group chief executive Philippe Mellier was quoted by Rapaport as saying at the Hong Kong Jewellery & Gem Show.
“Our production forecasts are still intact but our supply depends more on the type of goods that we can present, which may not match sightholder requests.”
DTC chief executive Varda Shine also said that the rough market had improved in the past few weeks as there were shortfalls of polished diamonds.
Sightholders rejected DTC goods at the June and July sights due to high prices despite the drop in demand.
However, DTC was forced to reduce its prices by about 10 percent at the August sight.
Meanwhile, Shine said that Chinese consumers had started to diversify their consumption of diamonds to lower qualities with VS-SI clarity goods becoming popular.

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