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

Swiss Watch Exports +1% in May

09 july 2014

Swiss watch exports rose 1.2 percent year on year to $2.1 billion (CHF 1.87 billion) in May, according to the Federation of the Swiss ‎Watch Industry.‎ Growth was spurred by precious metals watch sales, Rapaport reported.
Wristwatch exports rose 2 percent to $1.99 billion (CHF1.77 billion), while the number of units shipped decreased by 5 percent to 2.1 million. The value of other products declined by 10 percent to $44 million (CHF 39.1 million).
The federation noted that exports to Hong Kong recorded a slight downturn in value and fell 0.8 percent to $383.5 million (CHF 341.1 million), while exports to the U.S. increased 3 percent to $228 million (CHF 203 million).
Japan recorded the highest increase and rose 10 percent to $122.9 million (CHF 109.3 million). Exports to Italy were up 0.9 percent to $ 140 million (CHF 124.5 million) and exports to France grew 3 percent to $124.5 million (CHF 110.7 million). Meanwhile, China recorded a slight downturn and fell 1 percent to $131.2 million (CHF 116.7 million).
Wristwatches priced less than $225 (CHF 200) fell 4 percent by value and by 7 percent by volume, while watches selling in the $225 to $562 (CHF 200 to CHF 500) range declined 1.7 percent by value and by 4.4 percent by volume, which was the category's first decline in a year. Watches in the $562 to $3,372 (CHF 500 to CHF 3,000) range showed mixed results and dropped 2.3 percent by value, rising 2.6 percent by volume. Watches priced over $3,372 (CHF 3,000) rose 3.6 percent by value and by 5.5 percent by volume.
During the first five months of 2014, total Swiss watch exports rose by 3.3 percent to $9.739 billion (CHF 8.663 billion). The number of wristwatch units sold remained flat at 10.7 million units.