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

Finance Ministry of Russia suggests to double spending on purchase of precious metals and stones to Gokhran

17 september 2014
Russia's Finance Ministry  suggests to double spending on purchase of precious metals and stones to Gokhran in 2015-2016. This is stipulated in a draft Law on Federal budget 2015 and planning period 2016-2017, prepared by Ministry of Finance, ITAR-TASS reports.
The current budget envisages spending of 9.450 bln rubles in 2014, 5.260 bln rubles in 2015 and 6.100 bln rubles in 2016. According to the draft,  sums can be increased to 11.003 bln rubles in 2015 and to 11.962 billion rubles in 2016, and up to 13.832 billion rubles in 2017.
At the same time, plans for selling precious metals and stones from the state reserves remain unchanged -  6.15 bln rubles in 2015, 7.10 bln rubles in 2016. In 2017 plans stand at 6.50 bln rubles. Lately Gokhran mostly purchased diamonds from ALROSA, while now the bulk of funds may be used for purchasing precious metals.

Pavel Tolmach, Rough&Polished correspondent