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

Diamond tycoon Beny Steinmetz arrested in Israel over Guinea bribery case

22 december 2016
The Israeli police have arrested the owner of BSG Resources (BSGR), Beny Steinmetz, on suspicion of bribing government officials in Guinea in order to obtain mining rights over the vast Simandou iron ore project. The billionaire and other Israeli businessmen are suspected of paying tens of millions of dollars to senior state officials to secure a licence for Simandou, according to a report in mining.com.
“It is BSGR’s strong belief that these allegations of bribery by the Government of Guinea are not only baseless, but are a systematic attempt by the Government of Guinea to cover up the endemic corruption which has blighted this country for a number of years,” reportedly said by BSGR spokesman and quoted in mining.com.
According to BSGR, the investigations were initiated by the government of Guinea with support from international police bodies in the US, UK and Switzerland.
Steinmetz’s arrest is the latest and perhaps most dramatic twist in the Simandou case, which has also 'shaken to the core' the world’s second largest mining company Rio Tinto.
The mining.com report also mentions that Rio Tinto had recently unveiled e-mails sent by some of its executives in May 2011 related to a dubious payment made to an external consultant working on the firm’s Simandou project. In just a month, the revelation has already triggered several probes as well as a couple of management shakeups, including the polemic dismissal of the company’s Energy and Minerals boss Alan Davies, who vowed to take the 'strongest possible legal' action against Rio Tinto.

Aruna Gaitonde, Editor-in-Chief of Asian Bureau, Rough & Polished