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

Bankruptcy declared for owners of Indian diamond company in Hong Kong

28 august 2014

Four Gujarati diamantaires in Hong Kong have been declared bankrupt by the HK's special administrative region court, TOI reports .
The bankruptcy order by the Hong Kong court was made public through the newspapers advertisement last week. All four defaulters are from the same company, Aarohi Diamonds (HK) limited, a sister concern of India's Classic Diamonds India limited, a former DTC sightholder company, which had gone bust sometime in 2012 after posting losses amounting to $5.5 million.
The defaulters whose names have been published in the bankruptcy orders are - Nirav Kumar Bhansali, Nirav Atulkumar Shah, Rakesh Manilal Barot and Devang Hasmukhlal Shah - all owners and working partners and office-bearers of the defunct diamond company in Hong Kong.
The business community in Hong Kong is understandably disturbed. “It is a big challenge for us to maintain our reputation in the foreign land," said a diamond company owner in Hong Kong. Incidentally, the first Gujarati diamantaire who had defaulted a huge sum of over Rs 800 crore was Bhupendra alias Bhupen Surani, son of Jivraj Surani, chairman of the JB Group.

Aruna Gaitonde, Rough&Polished correspondent in India