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

Will retail sales add cheer?

09 october 2012

National Retail Federation (NRF) posted its predictions that retail sales would increase by 4.1 percent during this holiday season to $586.1 billion. This does add some hope for a merrier Christmas this year, Diamond World noted in its Weekly E-Post.
It is noteworthy that NRF’s holiday forecast this year is higher than the 10-year average holiday sales increase of 3.5 percent. This definitely sounds encouraging, especially as the year has not really witnessed much positive activity, either in the global economic environment, or at the recently concluded Hong Kong Gem and Jewellery Fair.
The industry has maintained a moderate outlook at the season, but the NRF figures bring a ray of hope. The findings also highlights — while consumers are cautious, they will still respond to retailer promotions and discount offerings. Also, with the growth of social media, the further push to drive sales will add to the season cheer. The diamond industry is passing through reduced output by manufacturers, retailers stocking mainly for short term, and mining companies curbing production. While this is not conventionally the spirit of the season, being hopeful about a good festive season is never out of fashion.