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

Synthetics to ‘affect’ diamond mining in southern Africa, Botswana to feel greatest impact

24 april 2014

Diamond producing countries in southern Africa are set to be “affected” an increase in gem-quality synthetic diamonds, with Botswana to feel the greatest impact.
The Botswana Institute of Development and Policy Analysis (BIDPA) was quoted as saying by Mining Weekly that synthetic diamonds could represent about one-third of mined diamonds by 2018.
“Assuming that these long-term projections of excess demand are correct, the shortage of mined diamonds will create a natural space for synthetics, which, depending largely on consumer acceptability, could grow to represent one-third of the gem-quality market by 2018,” said Bidpa senior researcher Professor Roman Grynberg.
“It has been assumed that the excess demand will generate significant increases in prices but, increasingly, there is the view that excess demand will result in a higher rate of penetration of synthetics into the market, which may well result in a decrease in prices at the bottom end of the gem-quality diamond market.”
He said any decline in prices would affect not only mineral taxation, but also returns on investment in Botswana’s diamond sector. “It does not require significant analysis to realise that Botswana, the world’s most diamond-export-dependent country, is simultaneously the most vulnerable to any supply shock stemming from synthetics because it has the least diversified economy of all diamond producing countries,” he said.
Diamond exports constitute about 50 percent of Botswana’s total revenue.
The country shipped diamonds worth $842-million last year.

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