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

Global Gold Jewelry Demand -36% to $21B

18 august 2014

Gold jewelry demand fell 36 percent year on year to $21.11 billion during the second quarter that ended on June 30, according to the World Gold Council, cited by Rapaport. By weight, gold jewelry demand dropped 30 percent to 509.6 tonnes. Gold demand in general during the period fell 24 percent to $39.92 billion and declined 16 percent by weight to 1,063 tonnes, according to the World Gold Council.
The group explained that the decline in jewelry demand was predictably dramatic, given such high levels of demand one year earlier. Broad weakness for gold jewelry was noted across Asia and the Middle East, while western markets recorded some improvement, except for Italy, where the fabrication sector is benefiting from improved U.S. demand and re-stocking in other key markets, the World Gold Council stated.
In China, consumers adopted a cautious approach to gold jewelry purchases following a surge of buying activity in 2013. The value of gold jewelry demand fell 50 percent to $6.4 billion during the quarter, however, one year ago the demand had jumped 48 percent. The World Gold Council contended that demand in China simply turned back to more normal levels.
In India, gold jewelry demand fell 25 percent to $6.4 billion. The World Gold Council stated that an "unofficial flow of gold" into India continued during the second quarter, particularly during the first half as premiums were pushed higher. Such flow of gold will likely build momentum over the coming months as the market moves into the seasonally stronger period of Diwali and the wedding season.
Gold jewelry demand across the Middle East plunged 31 percent to $1.9 billion. U.S. gold jewelry demand increased 5 percent to $1.1 billion.
A 20 percent year-on-year decline in Turkish jewelry demand, was the result of domestic issues, according to the group, citing a clampdown on payment by credit card installments.
U.K. consumers drove gold jewelry demand up 10 percent during the quarter and even better, up 25 percent for the first half.