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

Indian jewellers visit Argyle Diamond Mine

28 april 2014

Twenty leading Indian jewellery companies have made a historical first visit to Rio Tinto’s Argyle Diamond Mine in the remote east Kimberley region of Western Australia. The visitors, comprising of independent jewellers fr om northern and eastern India will see, at first hand, the scale and investment in the Argyle underground mine.
Shane Johnson, Managing Director of the Argyle Diamond Mine said, “India is the powerhouse of the global diamond industry and an important consumer market for Argyle diamonds. Rio Tinto is delighted to welcome these companies who are developing the Indian market for Argyle diamonds in new and exciting ways.”
The Indian retail diamond jewellery market is worth around US$10 billion and is forecast to grow at some 15% per annum for the next five years. Rio Tinto’s flagship consumer advertising campaign for Argyle diamonds in India titled “Nazraana” taps into the strong Indian gift giving rituals and comprises affordable diamond jewellery. Today jewellery comprising Argyle diamonds are sold in 150 of the largest independent retail jewellery stores in India.
Incidentally, Argyle rough diamonds are being processed and manufactured in India and Argyle diamonds for more than two decades and have evolved into an important part of diamond jewellery manufactured in India. Rio Tinto now remains focussed on the vibrant and efficient manufacturing sector in India wh ere some 300,000 Indians are employed cutting and polishing diamonds.
In addition, Rio Tinto’s developing Bunder diamond project in Madhya Pradesh is indicative of the strength of this enduring relationship.
Vikram Merchant, Manager of Rio Tinto Diamonds, Mumbai office said, “The relationship between Argyle and the Indian diamond industry is very special and was forged 25 years ago when Argyle looked to India’s developing expertise in diamond cutting. Today the partnership between Rio Tinto’s diamond business and the Indian diamond industry spans the entire diamond jewellery supply chain.”

Aruna Gaitonde, Rough&Polished correspondent in India