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...

Yesterday

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

‘We cannot rely on diamonds forever’, says Namibia PM

07 october 2016
The Namibian government said it is building a new economy for the future as it cannot rely on diamonds forever.
Namibia had been mining diamonds since 1908 and its overall mining activity accounts for almost 8 percent of GDP.
Prime Minister Saara Kuugongelwa-Amadhila told the visiting KP chairperson Ahmed Bin Sulayem that Namibia was looking into growing several sectors that would employ people in a range of industries and services.
“Natural resources have always been important to Namibia, especially diamonds, as they contribute a significant amount to our GDP,” she said.
“What is important about this is the funding that the diamond industry supplies to help Namibia diversify its economy. We cannot rely on diamonds forever, so this government is looking at ways to optimize benefits from diamonds to improve people’s lives while at the same time building a new economy for the future.”
Meanwhile, Bin Sulayem said KP was embracing the country’s new business framework to provide more jobs in the mining sector and other parts of the economy.
“This aligns well with our rough diamond valuation initiative,” he said.
“Across the country, a robust infrastructure is in place, and business opportunities are emerging for the benefit of Namibia.”
Namibia, with unique alluvial diamond fields had seen small increases in diamond production over the last five years with close to 2 million carats being exported in 2015, according to KP. Production costs were initially relatively low, but they are rising as much more of its alluvial activity going offshore with a 60/40 split in favour of underwater extraction.

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