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

The best time for buying jewelry gifts in Russia is right now due to rising U.S. dollar

17 november 2014

Quite a number of senior managers of jewelry companies in Russia have expressed strong concern being compelled to readjust prices for diamond jewelry.
Trying to find out the reason, Rough&Polished turned to Rajesh Gandi, the owner of Choron Diamond (a pace-setting diamond jewelry retailer in Russia), who is also representing the family of Indian diamantaires engaged in diamond cutting and jewelry business for many years.
According to Rajesh Gandi, it is true that diamond prices are dependent on the dollar rate, which means that in Russia they depend on the ruble-dollar exchange rate, and companies manufacturing exclusive jewelry already devalued their prices by more than 40 percent this year. Earlier, they avoided revising their prices, but now they have to reassess their goods, Rajesh Gandi said, meaning that prices will rise for end consumers. In his opinion, if someone needs to buy some gifts, it would be wise to do it right now, in advance.
The rising U.S. and European currencies trigger a decline in imports, which may be very beneficial to Russian producers, inviting import substitution. However, it should be kept in mind that the country will need a great share of imported components used in domestic jewelry manufacturing. Therefore, it is the right time to buy diamond gifts for those wishing to save.

Veronica Novoselova, Rough&Polished