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

Petra Q1 production up 30pc

26 october 2016
Petra Diamonds said its first quarter output increased 30 percent to about 1,1 million carats compared with 842,796 carats, a year earlier.
The growth was attributed to increased contribution from undiluted run-of-mine ore (ROM), improving ROM grades and additional tailings production from Kimberley Ekapa Mining in South Africa.
It said expansion programmes, including the Cullinan plant project, also in South Africa, remain on track and in line with expectations.
The new caves being installed at Cullinan and Finsch are both starting to deliver undiluted ore and would result in a continued increasing ROM grade profile and improved product mix.
“Operationally, the group has made a strong start to FY 2017 delivering close to 1.1 Mcts for Q1 and we continue to expect full year production of 4.4 to 4.6 Mcts, in line with earlier guidance,” said company chief executive Johan Dippenaar.
Meanwhile, Petra said that its first quarter revenue was $94.7 million from 745,447 carats sold.
Dippenaar said the diamond market was holding firm with prices on a like for like basis matching those realised in the period January to June 2016.

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