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

Gemfields posts new record auction revenues of $44.3 mln

22 june 2016
Gemfields, which conducted its sixth auction of rough rubies and corundum from Montepuez in Singapore, has generated record total revenues of $ 44.3 million at an average realised price of $29.21 per carat.
It said 1,516,459 carats were sold out of the total of 1,601,145 carats offered from its 75 percent-owned Mozambique mine.
The auction offered high and commercial grade rough rubies in both untreated and treated form.
"We are pleased with the results of Gemfields' sixth Montepuez ruby auction. The prices achieved and the high percentage of goods sold fully support our analysis of the market conditions, the quality of Mozambique's rubies and the increasing levels of demand across various markets and categories,” said company chief executive Ian Harebottle.
“Our commitment to further building the coloured gemstone sector continues with the launch of a new global marketing campaign focussing on Mozambican rubies.”
The five ruby and emerald auctions Gemfields has hosted so far this financial year have yielded aggregate revenues of $174.4 million.
Gemfields' auctions of rough gemstones from Kagem, the world's largest producing emerald mine, located in Zambia, and Montepuez have now generated $621 million in total revenues.

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