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

ALROSA proposed to introduce mandatory marking for synthetic diamonds

21 august 2014
ALROSA proposed to introduce mandatory marking for synthetic diamonds, Vladlen Nogovitsyn, Head of the miner’s Customer Policy, told Interfax in his interview, according to The company's initiatives to regulate the turnover of “synthetics” are being discussed in the framework of an expert group under the Ministry of Finance of the Russian Federation.
“We stand for defining the concept of synthetic diamonds and for mandatory informing consumers about synthetic stones in a jewelry piece. We have nothing against natural and synthetic diamonds put together in a showcase, but it is necessary to specify that a particular product is synthetic,” he said.
Currently, the Russian legislation has no definition of synthetic rough diamonds or synthetic polished diamonds, the ALROSA department head said.
“Theoretically, any dealer can sell anything under the name of diamond, while the buyer will not be able to prove he was misled. On the one hand, this situation is not directly related to the company, but on the other hand, it is detrimental to the reputation of the industry. It is no secret that people being fearful of substandard goods in the Russian market, prefer to buy jewelry abroad, thus making a great contribution to jewelry sales in Europe, China and so on,” Vladlen Nogovitsyn said.
Those discussing how to regulate the turnover of “synthetics” are debating even a ban on the use of the name “diamond” for raw materials in these products.
Talking about the “synthetic” market in Russia, he noted that “a significant number of companies having controversial reputation are eyeing the Russian domestic market, asking among other things to ease import procedures for jewelry and loose diamonds.”
ALROSA’s customers in India, which produces about 90% of polished diamonds in the world, are most interested to fight the proliferation of unmarked “synthetics”. “They will be in the front ranks combatting synthetics providing the information that no one else can find for us and suggesting solutions, which no one else can prompt, be it lawyers or diplomats, or politicians,” Vladlen Nogovitsyn added.