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

Kristall CEO Proposed Consolidation of the Russian Diamond Complex

20 august 2014
Maxim Shkadov, CEO of Smolensk-based Kristall, which is the Russian largest diamond manufacturer, has proposed to create a vertically integrated framework combining all the three segments of the "diamond pipeline" in Russia – mining, manufacturing and retail. He announced this view at a press conference in Smolensk, now quoted by local media.
“The best way out from the current situation would be to create a vertically integrated framework, which would embrace all the stages of the production process - from diamond mining to jewelry sales,” the Kristall CEO said cited by Finmarket.ru.
This initiative was discussed at a meeting held last Monday between Yury Trutnev, Deputy Prime Minister, and Alexei Ostrovsky, Governor of the Smolensk Region. According to Maxim Shkadov, “it was agreed at the meeting that Kristall will prepare its proposals for further development of the industry and the decision on the fate of the company will be made taking into account the interests of the region.”
The spokesperson of Yury Trutnev confirmed the fact of the meeting to Interfax and did not rule out that its participants discussed ideas regarding the consolidation of the diamond mining and diamond manufacturing industries, but gave no details.
ALROSA, the Russian diamond mining monopoly, did not comment on the issue.