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

U.S. Jewelry Price Inflation -5%, Watches -1%

28 july 2014

The U.S. consumer price index (CPI) for jewelry declined 4.5 percent year on year to 170.83 points in June, according to Rapaport. However, the reading was a touch higher than the index for both May and April.  The CPI for watches, meanwhile, was down 0.8 percent year on year to 122.71 points.
Somewhat stable to slightly lower prices for jewelry industry commodities have contributed to a declining CPI in the past several months. The average price of gold in June was about 3 percent lower, while platinum was about 3 percent higher compared with June 2013.
The RapNet Diamond Index (RAPI), the global benchmark for polished diamond prices, fell 3.2 percent year on year for 1-carat diamonds, while RAPI for 3-carat diamonds dropped 2.8 percent in June. However, RAPI for 0.30-carat diamonds jumped 10.2 percent and the index increased 6.2 percent for 0.50-carat stones.
By comparison, the CPI for all product categories in June increased 2.1 percent year on year to set a new record high of 237.69 points. The U.S. CPI has experienced 14 consecutive monthly increases as energy and food producers, in particular, continue pass on price increases to consumers.