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

Dubai retailers see increase in diamond jewellery sales

08 september 2014

Dubai diamond retailers report increase in sales of diamond jewellery in the lower and mid-pricing spectrum, according to Gulf News.
Dubai shoppers, known for their obsession with gold jewellery, seem to turn to diamond-studded jewellery, where the decision is based on the aesthetic value rather than the investment returns.
Diamond jewellery was normally priced Dh 10,000 ($2,700) and above earlier. Nowadays, it is steadily coming down to around the Dh 5,000 mark ($1,350) at the lower end of the spectrum. Some retailers are lowering the bar even further at Dh 2,500 ($675)  jewellery.
Obviously, there has been increase in sales of diamond jewellery in the lower and mid-pricing spectrum due to changing customer tastes and aspirations.
While the increase is predominately led by visitors, local consumer base is also getting more inclined. The average ticket range in the small to mid-range categories are between Dh 5,000 ($1,350) to Dh 30,000 ($8,100).
During the global crisis in 2008-09, diamond prices in Dubai softened. Now, however, prices for loose diamonds and jewellery are stable and at pre-2008 levels. Retailers in Dubai are happy, as there is a marked gain in their diamond jewellery sales, with margins being better than on gold jewellery.

Aruna Gaitonde, Rough&Polished correspondent in India