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

SA company sues Namib Desert Diamonds

12 february 2019

A South African consulting firm, Bravo Compliance, has sued Namib Desert Diamonds for N$2,1 million ($152, 000) for terminating a contract that was meant to help improve the Namibian state-owned diamond trader improve its governance systems.
The Namibian newspaper reports that Namdia had informed Bravo on 1 June 2018 that it had cancelled the contract because it was awarded based on misinterpretation, and that the tender process should start afresh.
However, Bravo was said to have concluded that the contract was terminated after it raised red flags about how Namdia was selling its diamonds to foreign companies.
The company was previously accused of selling Namibian diamonds below value to dealers in Dubai.
It, however, denied the allegations.
Namdia offered Bravo N$400 000 ($29,000) as a settlement for cancelling the contract and the South African consulting rejected the offer.
It then approached the court seeking to get N$2.1 million.
Namdia advertised the tender in January 2018 seeking a private company to establish a system meant to evaluate and improve its risk management, control, compliance and governance processes.
It awarded the contract to Bravo on 22 March 2018.

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