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

Turkey Abolishes 20% Tax on Polished Diamonds

19 december 2014

Turkey has abolisheda 20-percent special consumption tax on polished diamonds, officials confirmed with Rapaport News. The new tax regime has been in effect since mid-September when the new legislation was implemented. 
In addition, polished diamonds being traded in Borsa Istanbul Diamond and Precious Stone Market are exempted from an 18 percent value added tax (VAT). Diamonds traded in Turkey outside of the exchange will be subject to the VAT charge. 
Ayhan Güner, the chairman of the Istanbul Precious Metals and Jewelers Association, said in a recent press statement that abolishing the taxes will enable Turkey to compete with the likes of Belgium and Israel as a diamond trading center. 
Çetin Ali Dönmez, the executive vice president of the Borsa Istanbul, added that he expects membership of the exchange to increase from its current 122 company base as a result of the new tax law. 
“The new arrangement will significantly encourage non-registered companies to register their operations,” Dönmez said.