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...

Yesterday

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

Indian non-sightholders happy with De Beers’ approach

25 july 2014

The Indian diamond industry, which is plagued by a perpetual rough diamond shortage, has welcomed De Beers’ announcement with much cheer.
De Beers has now adopted more flexible sales approach through which non-sightholders will have the opportunities to purchase rough diamonds from sightholder sales. The updated allocations model will involve a new method for determining sightholder sales to rough diamond customer base. A simplified, compliance and demand-based customer qualification process is being introduced.
In the CEO of De Beers Group-Philippe Mellier’s words the "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. However, the changes we are introducing will provide greater flexibility in purchasing opportunities at De Beers. To those expressing strong demand for the rough diamonds, we sell to 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.”
De Beers' 90 per cent of rough diamond availability by value is sold through sightholder sales at Gaborone. As of now, the De Beers Group of Companies has updated the model for the allocation of rough diamonds by global sightholder sales in respect with the March 2015 to March 2018 contractual period.

Aruna Gaitonde, Rough&Polished correspondent in India