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...


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

De Beers lifts 2018 output to 35.3 mln cts

24 january 2019

de_beers_logo.pngDe Beers lifted its fourth quarter diamond output by 12 percent to 9.1 million carats, bringing total production for 2018 to 35.3 million carats compared to 33,5 million carats produced in 2017, according to Anglo American.
The diversified mining group said De Beers’ 2018 output was in the lower half of the production guidance range of 35-36 million carats.
Output was driven mainly by planned production increase at Orapa mine, in Botswana.
Rough diamond sales volumes totalled 9.9 million carats from three sales cycles during the fourth quarter compared with 8.2 million carats from the same number of sales cycles during the equivalent period in 2017. 
It said full year rough diamond sales volumes were 4% lower at 33.7 million carats compared with 35.1 million carats in 2017.
“2018 sales volumes were also lower than production, driven by lower demand for lower value rough diamonds in the second half of 2018,” said Anglo.
Meanwhile, Anglo said De Beers’ 2019 production guidance was between 31 and 33 million carats, subject to trading conditions.
The lower production, it said, was driven by the process of exiting from the Venetia open pit with the underground becoming the principal source of ore from 2023. 

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