Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...

Yesterday

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

De Beers says southern Africa new ‘centre of gravity’ for diamond trade

23 january 2014


De Beers said Southern Africa has become the new centre of gravity for the diamond trade and the relationship between Sightholders and the group had been fundamental to this shift.
“Of course, this relationship has been at the forefront of many of the key developments in the history of diamonds, whether it is catalysing growth in beneficiation or growing consumer demand for diamond jewelry in new consumer markets," said group chief executive Philippe Mellier in a speech during the annual Sightholder cocktail reception held in Gaborone, Botswana.
De Beers’ international Sightholder sales activities moved to Gaborone from London last year.
Botswana, said Mellier, had grown from being a primary producer with a maturing manufacturing sector into one of the world’s key rough diamond trading destinations.
"Not only does this bring increased economic activity and a regular influx of successful entrepreneurs to Gaborone, but it also sends a message to the global business community that Botswana is so much more than the world’s leading diamond producing country,” he said.
Meanwhile, De Beers pledged to give Sightholders some greater flexibility as well as make the Sightholder status more meaningful.
Mellier said that De Beers had listened to views from its customers and would focus on simplifying the process where possible.
Commenting on the outlook for diamond jewelry, De Beers’ boss said that there were good signs coming from the US economy, with improved demand in evidence over the holiday period.
He also said that there were healthy signs in China of a positive outlook for sales around Chinese New Year and expectations for a continuation of strong economic growth, at around the same level seen in 2013.
"The Chinese government’s policy of refocusing the economy so that growth is generated by consumer spending rather than state investment should be of benefit to the diamond industry over time, but we will need to keep a watch on how this transformation is managed,” said Mellier.
India, he said, the other engine of growth for consumer sales of diamond jewellery in recent years, experienced a more challenging domestic market in 2013.
Although there were some ongoing concerns about inflation and currency volatility, improvements in the agricultural sector could trigger an upswing in domestic demand and the economy was expected to pick up further after the elections in May.
“There is also better news on economic prospects in Europe and Japan, with the Eurozone starting to see a rise in industrial production and Japan’s economy benefitting from its monetary and fiscal stimulus program," he said.

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