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

Murowa Diamonds in cost-cutting drive as it cuts workers’ salaries, allowances

18 february 2016
Murowa Diamonds, a unit of RioZim, has reportedly lowered salaries and allowances for its workforce as part of cost-cutting measures in the wake of falling diamond prices.
Murowa recorded a loss of $573 000 in the half year to June 30, 2015.
The Financial Gazette quoted company spokesperson Lovemore Chimuka as saying that the cut was essential to ensure the business does not go under.
"Like any other mining business, when commodity prices fall you initiate survival strategies which usually are along(the lines of) cutting costs, streamlining and making sure you still get value from those falling prices,” he said.
“We are, however, confident as a mine that the prices will rebound. We have streamlined in cases where we had high expenditure and we went further to cut salaries and allowances, a development which had input from our employees."
No details were provided concerning the extent of the salary and allowances cut.
Murowa recently indicated that it acquired mining equipment worth about $6 million as part of a $60 million investment that would be injected into the business for the next four years as Rio Zim seeks to expand operations at the mine.

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