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

Relief for DiamondCorp as it secures £700,000 financing facility

25 october 2016
DiamondCorp has entered into a £700,000 secured convertible financing facility with Rasmala, a leading independent investment manager and shareholder in the Company.
Proceeds of the facility would satisfy the company's immediate term funding requirement of not less than £500,000 and shall be utilised for working capital purposes, which the company urgently required in order to continue trading as a going concern in the immediate term.
"We are pleased to have secured this new financing facility, which will enable us to sustain our operations at the Lace diamond mine whilst we conduct our Formal Sale Process and evaluate all options available to us," said company chief executive Paul Loudon.
The parties had agreed to the drawdown of two tranches under the facility.
It said the first of the tranches, in the amount of £400,000, was to be drawn down immediately, while the second one, in the amount of £300,000, was expected to be drawn down in the near term.
The facility was secured against up to 5,000 carats of diamonds currently held in inventory or to be produced from operations.
Meanwhile, DiamondCorp said its chairperson Euan Worthington, resigned from the board, effective immediately, but shall remain as an employee of the company for the immediate future to ensure an orderly handover of his responsibilities.
Non-executive director Chris Ellis, would be formally appointed as an independent interim non-executive chairman.
The company required an additional equity or debt financing of between £2.5 million and £3 million in the near term to cover the anticipated cash required to fund operations through to commercial production.

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