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

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Rapaport Melee Diamond Index -6,8% in 3Q

15 october 2014
The Rapaport Melee Index (RMI™) for small diamonds decreased by 6.8 percent to 129.32 during the third quarter of 2014. Year over year the index is up 2.6 percent from its level of 125.99 in September 2013.
Polished trading slowed during the third quarter, as expected, and prices softened as manufacturers faced tight liquidity due to slow sales and diminished bank credit.
Polished suppliers were prepared to reduce prices in order to improve cash flow and shrink their large inventory levels. Suppliers are hoping the fourth-quarter holiday season will improve diamond trading and help ease liquidity concerns. However, there is no indication of a turnaround in trading conditions for now. Buyers sense that suppliers are under pressure to improve their cash flow and are accordingly pushing for higher discounts. Following a weak third quarter, the trade enters the holiday shopping season in an environment that clearly favors buyers.
“With the recent diamond and jewelry show in Hong Kong exceeding low expectations, momentum and prices picked up slightly from the slow summer. While levels of trading and liquidity are still not high due to the upcoming Indian Diwali New Year, we are expecting an uptick in trading in November once the wholesale market reopens after the Jewish and Indian holidays. Demand in the Far East market is relatively sluggish, however U.S. demand remains stable and we’re expecting a solid Christmas season,” said Ezi Rapaport, the Director of Global Trading at the Rapaport Group.

Pavel Tolmach, Rough&Polished