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

Sales of Russian Diamonds to Armenia Have Fallen since 2011

08 may 2014

In 2013 rough diamond supplies of the Russian miner ALROSA to Armenia dropped by 33%, Armenian News - NEWS.am reported citing press service of ALROSA.
Following the results of 2012 sales of rough stones to Armenian diamond cutting enterprises amounted to $8.8 million, having reduced to $5.9 million in 2013 and being much lower than in 2010-11 ($25 million and $43 million accordingly).
Nevertheless, ALROSA’s press service noted that the company is primarily interested in long-term contracts as they ensure stable sales volume and stable supply of high quality rough stock to the customers.
Earlier Armenian jewellers claimed that they have to resell very small 0.01-0.02 ct diamonds contained in boxes because of the high cost of cutting and polishing. Meanwhile, re-exports to the third countries will imply export duty payment on the Russian goods, subject to the terms of agreement dated December 2, 2013. Moreover, resale of rough diamonds may lead to sanctions.
Asked whether the Armenian companies could choose the size of diamonds during bidding, the company referred to Regulation on distribution of natural diamonds of ALROSA, whereby it is agreed that ALROSA’s boxes are compiled subject to the approved ranges regardless of the direction of exports.