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...


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...

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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...

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There is a significant need for smart and technological financial solutions in the diamond industry

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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

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23 august 2021

Zim local diamond sale attracts 140 diamond buyers

07 november 2014
Zimbabwe said about 140 diamond buyers are participating at its local auction, which opened in Harare on Monday.
The Herald reports that all seven diamond mining companies in the country were selling their stones at the auction.
The tender, run by an independent facilitator, closed on November 6.
"We have a bumper number of buyers participating at this tender -- about 140 of them," said Zimbabwe’s mines secretary Francis Gudyanga.
"It is a good sign for the country as it stands to benefit fr om these local sales. The challenge we have now is: are we producing enough? We are therefore urging all the companies to make sure they produce as much as they can to satisfy the demand."
"We intend to have these (sales) monthly as all the companies would wish. It is a very transparent exercise wh ere we have an independent facilitator and our people are there as well."
A test-run auction conveyed in Harare recently saw Marange Resources and Diamond Mining Company complaining that buyers offered half of the international prices. Gudyanga said they were not expecting the same trend.
"As long as we have many buyers it will push the prices (up) because it follows demand. It is a self-adjusting industry," he said.

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