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

India’s national financial watchdog takes Surat-based diamond trader into custody

09 september 2014

А local court in Ahmedabad on September, 4th, remanded to the custody of the Enforcement Directorate (ED) surat-based trader Rakesh Kothari. Kothari was arrested on September, 1st in connection with a multimillion money laundering scheme that was busted in March this year.
Kothari was involved in illegal transaction to the tune of Rs 10 bln ($166 mln). He was one of the key persons involved in the Rs 5 bln money laundering along with fellow Surat-based traders Afroz Fatta and Madanlal Jain.  Kothari carried out illegal transactions through his two firms, GT Enterprise and Vandana Enterprise. He is accused of illegally transferring money from Surat to Mumbai through Internet to make remittances abroad. This money was later used in the smuggling of gold and silver bars, ED says.
Jain and Fatta allegedly forged import bills of diamonds and remitted money abroad on that basis, without actually importing a single diamond. Both are already in ED's custody.

Aruna Gaitonde, Rough&Polished correspondent in India