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

Diwali shines on gem and jewellery market

27 november 2012

Dhanteras and Diwali, two major festivals in the Indian calendar meant to bring prosperity and auspiciousness, have kept their promise of cheer for the gem and jewellery market, this year, Diamond World reported in Weekly E-Post. Usually, buyers purchase gold as a symbol of auspiciousness, and jewellery is also indulged. Adding to this the onset of the wedding season after the Diwali days furthers the opportunities of sale for jewellery retailers. Appreciatively, this year, buyers have been open to buying, considering the price rise in precious metals and diamonds.
Prior to Diwali, the soaring prices of precious metal and stones, kept jewellers cautious about expected sales during the season. In fact, and a few days prior, gold prices touched their three-week high in the international markets to $1,734 ounce. But, jewellers experienced a 30 percent increase in jewellery sales, and high footfalls on Dhanteras, proving that the Indian consumer has adjusted to high prices. Sales of gold also increased, including coins and ETFs. While light weight jewellery was in good demand, heavy wedding sets also got the buyer attention. Stocks of gem and jewellery companies post Diwali on the Indian stock exchanges, took an upswing, amongst which six stocks touched a 52-week high.
Certainly the festive season has lent a spark to the gem and jewellery industry and underlined that consumer adjustment is not completely controlled by uncertain economic times.