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

Stornoway continues developing Renard diamond project ahead of plan in Q1

20 may 2016
Stornoway Diamond Corporation announced its first quarter of 2016 results, according to which the development of the Renard diamond project stood in line with the planned schedule and budget.
Construction progress at Renard was 83.4% compared to the planned 77.6% at the end of the 1st quarter, and at 92.1% compared to 84.1% at the end of April.
Stornoway ended the quarter with cash, cash equivalents and short-term investments of $219.1 million, compared with $209.1 million at the end of the previous quarter. Capital expenditures incurred during the quarter were of $100.5 million, with capital expenditures to date of $615.3 million having been incurred or committed against the total project cost.
During the quarter under review, the company constructed a liquefied natural gas power plant. At quarter-end project construction was focused on mechanical, piping, electrical and instrumentation installation in the process plant, primary crusher, water treatment facility and processed kimberlite load-out.
Matt Manson, President and CEO, commented: “Construction at Renard during, and subsequent to, the first quarter has continued to exceeded expectations. Progress in March and April alone was an impressive 9.4% and 8.7% respectively. This puts us well within the already re-baselined schedule for first ore processing by the end of September. With final equipping of the process plant proceeding well, our critical path activity has become mining and the supply of ore on a schedule commensurate with the earlier than expected plant availability. With market reports indicating a strengthening in rough diamond prices and our project execution continuing well, our outlook for project completion and first diamond production later this year is positive.”

Theodor Lisovoy, Rough&Polished, Moscow