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...


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

Kimberley gets additional funding for Lerala

04 march 2016
Kimberley Diamonds has secured a $2.8 million working capital loan facility for its Lerala diamond mine in Botswana.
It said in a statement that the working capital loan facility, coupled with a rights issue planned for March-April 2016, was expected to provide full funding required to take the Lerala diamond mine to production.
Lerala was set to commence mining this month and production of diamonds in April, while the first sale of diamonds was scheduled in June 2016, it said.
The company had entered into sales, marketing agreement and an off-take agreement with DDA Trading BVBA, a Belgian based diamond auction house which specialises in the sales and marketing of rough diamonds for the international diamond trade.
DDA would be supplied with run-of-mine rough diamonds from Lerala to the total value of at least $5-million, at an agreed discount to valuation.
“Kimberley Diamonds considers that with the $2.8 million working capital facility the Lerala Diamond Mine should be fully funded to enter production and commence sales of its diamonds, the first of which is currently scheduled for June 2016,” it said.
Kimberley said it had to date raised A$13-million under a debt facility with Zhejiang Huitong Auction Company and A$1-million under a diamond sales agreement with Restwell Investments.

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