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

Zim cuts diamond revenue target, blames it on sanctions, low prices

19 october 2012

Zimbabwe has lowered its diamond revenue target of $600 million for the year due to a slump in the world gem prices, an official said.
No new target for the diamond revenue was given.
“We have actually projected certain targets, but of late, in the past three to four months, the diamond prices have actually gone down and there hasn’t been sufficient production to meet our projections,” Mines and Mining Development minister Obert Mpofu was quoted by The Herald newspaper as saying.
“They cannot produce for a loss.”
He also said that the country’s diamond revenue had been truncated by sanctions.
“Our buyers have been threatened by the Americans and the British. We are experiencing that on a daily basis,” Mpofu said.
“Some payments from our buyers have been intercepted. Our customers are being deterred from buying our diamonds by these things.”
Finance minister Tendai Biti was forced last July to review downwards the National Budget to $3,640 billion from $4 billion as a result of poor revenue inflows from diamonds.
Meanwhile, Mpofu said the forthcoming diamond conference set for Victoria Falls next month presented an opportunity for the country to spruce up its battered image and attract more investments.
He said the presence of the Kimberly Process chairperson Gillian Milovanovic at the conference would strengthen the organisation, which had been for some time bickering over the legitimacy of Marange diamonds and issues pertaining the definition of conflicts gems.
“Her coming here is to strengthen the organization … she has performed fairly well during her term,” Mpofu said.
“This term has made a lot of progress in terms of the consolidation and uniting member states unlike the previous chairs. We had very unfortunate experiences with certain countries that chaired the KPC in the last three or so years, but she has been very fair to everybody and to issues that are tabled before the organisation.”

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