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

SA says most local diamonds not suitable for local beneficiation

07 february 2019

South Africa’s State Diamond Trader said a significant amount of diamonds produced in the country are not suitable for local beneficiation. 
Company new chief executive Stanley Mnguni said in their 2017/2018 report seen by Rough & Polished at a mining conference in Cape Town that the South African production had large quantities.
“[These] cannot be profitably beneficiated in the country due to manufacturing costs and this has an impact on the growth of local diamond beneficiation,” he said.
Mnguni said of the 74 clients of the State Diamond Trader 42 were actively trading in the 2017/2018 period.
The State Diamond Trader was eligible to purchase up to 10% of run of mine local diamond production by carats and value.
“Despite such eligibility, the organisation targeted a minimum of 4% during the year under review as a result of the implications of the run of mine qualification,” he said. 
“The consequence of the run of mine qualification is that it leaves the State Diamond Trader with an empowerment to purchase up to 10% of local production from producers whereas the supply has no demand.”
Meanwhile, company chairperson Mervyn Carstens said the board had adopted a new strategic plan targeting improved performance.
This included an increase in the amount, by carats, of rough diamonds sold on primary allocation by 10 percent annually, an increase on local beneficiation of -3gr gem quality and all sizes of near gem quality and industrial diamonds to 10,000 carats per annum by 2022.

Mathew Nyaungwa, Editor in Chief of the African Bureau, from Cape Town, South Africa, Rough&Polished