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

Diamcor net income loss widens

30 november 2016
Diamcor, which owns the Krone-Endora at Venetia project in South Africa, said its operating income loss leaped to $899,924 during the period ended September 30, 2016 from $409,896 recorded in the prior fiscal year.
The company’s revenue increased to $1,5 million from the sale of 8,274.47 carats of rough diamonds during the second quarter compared to revenue of $912,385 from the sale of 4,845.93 carats of rough diamonds, a year earlier.
It recorded an average price $141.03 per carat during the interim period ended September 30, 2016, up from $139.67 during the same period, in the prior fiscal year.
The recovery of all rough diamonds to date were incidental to the ongoing commissioning and testing exercises being performed by the company.
The increase in revenues, diamond recoveries, and sale of rough diamonds in fiscal 2017, as compared to fiscal 2016, was attributable to increased plant efficiencies and processing volumes achieved throughout the current period.
“Average price per carat remained relatively consistent year over year, with the current weakness believed to be attributable to an overall weakening in the price of rough diamonds which has continued throughout fiscal 2017, as compared to the prior years,” said Diamcor.

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