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

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

29 august 2014

The U.S. consumer price index (CPI) for jewelry declined 4.5 percent year on year to 171.97 points in July. However, the reading has been slowly inching higher since the index reached the lowest point of the year so far at 169.36 points in May. The CPI for watches, meanwhile, was down 0.5 percent year on year to 123.58 points, Rapaport reports.
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 July was about 3 percent lower and platinum was about 2 percent lower compared with July 2013.
The RapNet Diamond Index (RAPI), the global benchmark for polished diamond prices, fell 3.5 percent year on year for 1-carat diamonds in July, while RAPI for 3-carat diamonds dropped 1.9 percent. However, RAPI for 0.30-carat diamonds jumped 13 percent and the index increased 9.8 percent for 0.50-carat stones.
By comparison, the CPI for all product categories in July increased 2 percent year on year to set a new record high of 237.91 points. The U.S. CPI has experienced 15 consecutive monthly increases as energy and food producers, in particular, continued to pass on price increases to consumers.