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

WGC: Global gold demand low; India overtakes China

14 november 2014

India once again took over as the world's biggest gold consumer, buying 225.1 tonnes of gold jewellery, coins and bars last quarter, compared to 182.7 tonnes in China. India, which lost its position as the leading gold buyer to China in 2011, saw a 60 per cent surge in jewellery demand in the third quarter, according to the World Gold Council (WGC).
"Our forecast for the full year is the same for both India and China. We expect demand in both to come in at between 850-950 tonnes. Both remain very positive pillars of gold demand," said Alistair Hewitt, Head of Market Intelligence, WGC.
Global demand for gold had snowballed in the wake of the financial crisis in 2008. It peaked in 2011 at 4,702 tonnes, but fell to 4,080 tonnes by last year. This year the WGC expects gold demand to stabilize. "We expect gold demand to be largely similar to last year, at between 4,000-4,100 tonnes," said Hewitt.
Global demand for gold jewellery, the biggest single area of consumption, fell 4 per cent to 534 tonnes. Among supply sources, mine production rose 1 per cent to 812 tonnes, while scrap supply fell 25 per cent to 250.5 tonnes. Year 2014 has seen the lowest level of recycling since 2007, says WGC.

Aruna Gaitonde, Rough&Polished correspondent in India