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

Certified 1ct. Polished Diamond Prices +1.2% in January

06 february 2014

Diamond markets improved in January but manufacturers are concerned that higher rough prices are cutting their profit margins. Polished demand improved due to the solid U.S. market, while Far East demand was cautious and slowed down as jewelers completed their Chinese New Year purchases, according to press release obtained by Rough&Polished.
In January, the RapNet Diamond Index (RAPI™) for certified 1-carat polished diamonds rose 1.2 percent, while RAPI for smaller certified goods posted stronger gains with rising demand for 0.30-carat to 0.59-carat diamonds. Overall, there was good demand for GIA-certified dossiers.
The Rapaport Monthly Report – February 2014, ''Optimistic Markets,'' noted that polished diamond dealers gained confidence after the U.S. holiday period proved to be better than expected for the trade. Polished inventories were low throughout the pipeline, which influenced demand to rise during the month. Cutters’ profit margins also improved as prices rose on polished diamonds that were manufactured from rough bought at reduced prices a few months ago. Simultaneously, polished suppliers were cautious not to raise prices too much as their program buyers demanded stability.
Cutters are raising production levels after reducing rough buying in the second half of 2013. Rough markets were buoyant in January with De Beers boxes gaining stronger premiums in the secondary market. Rough prices rose an estimated 5 percent during the month. De Beers sightholders are concerned about possible additional price hikes in February that will not be supported by polished trends in the coming months.
Diamond mining companies are also expecting to increase their rough supply as global production rose by more than 10 percent in 2013, according to Rapaport estimates.
Increased rough production and higher rough prices are unsustainable in current market conditions. Diamond markets are more optimistic but wholesalers and retail jewelers continue to manage with leaner inventories. The outlook for 2014 is for healthy, yet unspectacular growth.
Polished buyers continue to resist higher prices based on rough price hikes, and while rough demand is strong in the first quarter, cutters are determined to maintain respectable margins throughout 2014.