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

Rockwell Q4 sales drop as it streamlines corporate structures

27 april 2016
Rockwell Diamonds said the value of the Middle Orange River (MOR) diamond sales plunged 45 percent year-on-year to $7.13-million during the fourth quarter ended February 29.
Company chief executive James Campbell said the value of MOR sales were, however, up 34 percent on the previous quarter at $7.1 million.
Carats sold fell by 42 percent year-on-year to 4 025 carats from all of the company-owned properties.
The average price also declined 6 percent in the 12-month period to about $1 448/ct.
"After a very difficult operating period, the fourth-quarter performance showed positive signs of recovery in spite of the continued overall weakness in global diamond pricing,” said company  chief executive James Campbell.
Meanwhile, Rockwell Diamonds said that it implemented a number of decisions during the period under review.
Consequently the Saxendrift operations continued to wind down; however, a change in the operational parameters had allowed the closure to be postponed beyond the planned end of February to May.
Rockwell had also signed the second three-year royalty mining contract at Saxendrift, which started subsequent to the end of the fourth quarter.
The company said the recommissioning of Wouterspan and redeployment of existing processing and mining equipment from other operations began early in this quarter under review as planned.
“Work on the construction of the processing plant is on schedule to deliver a plant and IFS capable of processing 200,000m3 per month by September 2016, with ramp-up commencing late May 2016,” it said.
“A second phase, to further increase the plant throughput to 400,000 m3, is under consideration.”
Meanwhile, Campbell said as the company strives for a safe and sustainable monthly processing target of 500,000m3, its search for new value opportunities continues, with exploration activities gaining momentum during the quarter.
“The recent streamlining of corporate structures is expected to deliver tangible cost saving benefits in the short term,” he said.
“Albeit challenging, the restructuring decision was one which we felt compelled to take in order to deliver greater value to our stakeholders.”
Campbell also said that the construction and commissioning of additional in-field screening capacity at the Remhoogte - Holsloot Complex (RHC) was on track and are designed to increase processing capacity at RHC up to 180,000m3 of gravel per month.

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