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

Rockwell begins restructuring, to close Johannesburg HQ

12 january 2016
Rockwell Diamonds reported a number of steps as part of a strategic review to cut costs and improve cash flow, which involves the closing of its Johannesburg head office among other measures.
The company said it will transfer Johannesburg-based key senior executives to its operations in South Africa's Middle Orange River (MOR) region on a full-time basis to save $484,097 per year.
Rockwell will also terminate “company-directed operations” at the Saxendrift mine on the south bank of the MOR by February 2016.
Other plans include simplifying the operational reporting structures and making mine management directly responsible for mine operations, reporting to the MOR-based chief executive officer.
“The current level of diamond recovery, grade and volumes processed are an ongoing area of concern across Rockwell's operations,” the company said in a statement. “As a result, it has been challenging to achieve financial viability, growth and profitability, which have directly impacted the company's human capital requirements, and sustainability."
The company has also taken a decision to restructure the workforce company-wide, and issued all of its employees with retrenchment notices.

Theodor Lisovoy, Rough&Polished, Moscow