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

De Beers updates rough diamond allocations model for sightholder sales

24 july 2014

De Beers has updated its model for the allocation of rough diamonds by Global Sightholder Sales (GSS) in respect of the March 2015 – March 2018 contractual period.  
It said in a statement emailed to Rough&Polished that the updated allocations model would involve a new method for determining GSS’ rough diamond customer-base, with a simplified, compliance and demand-based customer qualification process being introduced.
It would also adopt a more flexible sales approach through which non-Sightholder diamond businesses would have opportunities to purchase rough diamonds from GSS.  
“The Sightholder system has been at the heart of our selling model for decades and it will continue to be central to our approach in the new contract period,” said group chief executive Philippe Mellier.  
“However, the changes we are introducing will provide greater flexibility in purchasing opportunities at De Beers. They will enable those expressing strong demand for the rough diamonds we sell to purchase them on a term contract basis as Sightholders, while also offering more opportunities for non-Sightholder diamond businesses to demonstrate their demand for De Beers rough diamonds.”
He said the more rigorous financial and existing ethical compliance requirements would also help to reinforce third party confidence in the strength and transparency of Global Sightholder Sales’ customer-base.
About 90 percent of the group’s total rough diamond availability by value was sold through GSS.

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