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...


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

Moody’s revises outlook for Anglo on improving global diamond market

06 may 2016
Ratings agency Moody's has revised its outlook for Anglo American's credit rating due to the improving prospects for the global diamond market.
Moody's sees significantly stronger rough diamond demand than at the end of 2015 as actions taken by diamond producers continue to have a positive effect, reports.
Anglo’s positive outlook was also attributed to its "rapid progress in negotiating material asset sales, a higher than expected valuation for the sale of the niobium and phosphate businesses".
Anglo recently agreed to sell its niobium and phosphates businesses for about $1.5 billion in cash and expects to close the transaction in the second part of this year after clearing standard regulatory approvals.
Moody's downgraded Anglo's debt to junk status last February with a negative outlook on the London-listed company's credit rating.
"The business generated $145 million in EBITDA in 2015 and is expected to grow in 2016. The realized valuation and planned use of proceeds to reduce debt will add to the deleveraging momentum initiated by the company's purchase of about $1.9 billion notes for cash in March," Moody's was quoted as saying.
Anglo was planning to reduce the number of mines it operates from 55 to the mid-teens focusing on copper, platinum and diamonds.

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