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

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Shine back on Indian jewellery trade as Gold curbs ease

26 may 2014

The RBI move to ease curbs by the Reserve Bank of India has come as a major boost to the gold trade. According to Vipul Shah, chairman of the Gem and Jewellery Export Promotion Council (GJEPC), "Gold supply will become easier for gold as well as diamond trade and they can improve their exposure to the US where demand is rising following the economic recovery”.
The move will also save jobs of 35 lakh people in India, who are associated with gold trade, directly and indirectly. Bullion traders feel that the RBI move will increase gold import by 15-20 tonne a month and thus make supply easier in the market. According to the World Gold Council (WGC), India is likely to consume 900 -1,000 tonne gold in 2014.
Somasundaram PR, managing director, WGC (India), said: " RBI's decision to permit the nominated banks to give Gold Metal Loans (GML) to domestic jewellery manufacturers out of the eligible domestic import quota of 80% will also relax some cost pressure that the jewellers were facing.”

Aruna Gaitonde, Rough&Polished correspondent in India