Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...

Yesterday

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

De Beers earns $460m from “small” October sight, prices down

15 october 2014

De Beers’ October sight earned the group about $460 million, while prices for several categories of goods dropped between 2 percent and 4 percent.
Rapaport reports that the company shifted the assortment for some of its boxes toward higher qualities and this somewhat managed to offset the lower prices.
“The mood at the sight was a bit subdued, since you know the goods won’t make it to market in time for Christmas holiday shopping because all the workers are about to go home to be with family for Diwali,” an unnamed Indian sightholder was quoted as saying.
“People were also more cautious because polished prices have been falling recently and they are worried about their liquidity.”
Diwali would take place on October 23.
Rapaport also noted that the October sight was “much smaller” in size compared to the preceding sights.
It quoted De Beers head of midstream communications David Johnson as saying that the group had anticipated the sight to be small based upon sightholder intentions to offer (ITO) that it had received.
“The autumn is typically a bit of tough time for some of the manufacturers, who feel very pressured in terms of liquidity,” he said.
Meanwhile, Johnson said De Beers was expecting the retail sales for diamond jewelry to perform well later in the fourth quarter, due to positive macroeconomic indicators from the U.S., China and India – the world’s three largest diamond markets.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished