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

Antwerp tenders of Marange diamonds fetched better prices than Dubai - AWDC

07 may 2014

The Antwerp World Diamond Centre says the correct average carat price fetched in Antwerp from Marange diamonds placed under the hammer last February is $79.94.
The Zimbabwean government had been claiming that the tender fetched $72 per carat compared to the Dubai tender which fetched $76 per carat.
AWDC chief executive Ari Epstein told Rough & Polished in an interview (full excerpts would be published soon) that despite the superior prices one should take into consideration that not all the goods sold in Antwerp were optimally cleaned and sorted.
He said one company even tendered goods that were of very poor quality and not representative for its production footprint.
The goods that were tendered in Dubai were all optimally cleaned, and in line with all the companies’ production footprint, said Epstein.
He said AWDC was, however, “happy” that the two Antwerp tenders had allowed the Zimbabwean mining companies to learn a few very valuable lessons on how they can optimise return for their minerals.
“The prices fetched in Antwerp represent a 60 percent increase from the prices at which Zimbabwean diamonds were being sold for in Dubai and India in the past four years,” said Epstein.
“It is by far the highest average price that has been realised for a large shipment of diamonds since official Marange diamond sales commenced in 2010.
“In 2012 Zimbabwe alone sold approximately 12 million carats at an average price of $53/ct, mainly to eastern markets such as Dubai, India and China. We find it remarkable that over the past two years when Antwerp couldn’t import Marange goods due to the EU sanctions, none of the other markets like Dubai took the initiative to organize tenders up until now.”
Meanwhile, AWDC should be smiling following recent reports citing the Zimbabwean finance minister Patrick Chinamasa as saying that the Dubai Diamond Exchange (DDE) had failed to be a trustworthy market for the country’s diamonds.
The diamond exchange had delayed to remit proceeds from the March tender.
"Naturally, DDE have failed the test. Remember, when we went there we were testing the market. Why would we continue selling our diamonds in Dubai under such conditions?" the minister said.
Some officials said AWDC was quick to remit proceeds to the diamond companies soon after the tenders.

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