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

Hong Kong's Jewelry, Watch Category Sales -25% in May

15 july 2014

Hong Kong's retail sales of jewelry, watches, clocks and other valuable luxury gifts plunged 24.6 percent year on year to $1.03 billion (HKD 7.944 billion) in May, according to provisional figures from Hong Kong's Census and Statistics Department cited by Rapaport. However, sales of jewelry, watches and valuable gifts just at department stores actually improved 20.5 percent in May to $37 million (HKD 288 million). By volume, sales of goods for the jewelry and watches category slipped 22.7 percent.
Hong Kong recorded total retail sales in May of $5 billion (HKD 39 billion), a decrease of 4.1 percent compared with one year earlier.  Additionally, Hong Kong revised the estimate of retail sales for April lower, to a decline of 9.9 percent, while calendar year to data retail sales were down 0.2 percent.
The government concluded that weak demand for jewelry and the luxury goods category negatively impacted total retail sales in May, conceivably indicating lower tourist spending. However, sales of many other goods that are more closely related to local consumption continued to grow from a year earlier, reflecting the still positive local consumer sentiment amid full employment, according to its statement.