Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...

Yesterday

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 US Doesn't Want To Ban Russian Diamond Imports

13 august 2014

While Russia could face more severe sanctions as the situation in East Ukraine remains tense, Morgan Stanley analysts rule out diamonds from any future bans on Russian exports, according to an article by Business Insider.
In a new research note, Morgan Stanley analysts led by Joel Crane discuss various aspects Russian mineral exports. They point out that Russian state-owned diamond mining giant ALROSA "is the largest producer of diamonds globally (followed by De Beers) and the second largest in terms of sales."
Most of ALROSA's export market is in Belgium, and so the Russian company's interaction with Europe and the West is a big part of its activities.
Given this, Morgan Stanley points out the following: "Therefore, full export ban sanctions on exports to Europe and the US would have a very significant impact on global diamond prices and the structure of global auctions. We view this scenario as highly unlikely because the US continues to be the number one diamond consumer globally and we expect it will stay number one for many years to come."
The U.S. consumes more than a third of the world's diamonds, and so a more comprehensive ban on Russian exports that would include diamonds, and thus drive up prices, is not something that is likely to happen. Meanwhile, should ALROSA be restricted from Antwerp market it would strive to strengthen its position at Indian, Chinese, Israeli and UAE markets, and be forced to reduce prices. De Beers would likely to respond accordingly, while price wars will destabilize the market situation as a whole.