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

Vast Resources to address funding issues

26 february 2019

Vast Resources, which recently acquired rights to a new diamond concession in Zimbabwe, is set to convene a general meeting on 11 March aimed at requesting its shareholders to grant it the authority to issue new equity and to disapply statutory pre-emption rights.
This follows the “non-receipt” of $5.5 million in financing that it had been expecting from former backer Mercuria B, which resulted in a substantial fall in the company’s share price.
The company had also seen a reduction in the cash value of the authorities granted at the last general meeting in January.
It was obliged to negotiate new terms with Sub-Sahara Goldia Investments in relation to a $3.4 million debt, while funding from Bergen Global Opportunity Fund had also lapsed.
However, the company said it was continuing with “positive” discussions on replacement off take finance and/or concerning a cornerstone investor who had interest in financing the entire company including the Zimbabwe diamond opportunity. 
Vast was currently capitalised at just over £12 million.
Vast and its partner Botswana Diamonds received a positive preliminary geological valuation of the Heritage diamond concession last October. 
The property contained several targets for modern alluvial diamond placer deposits.  
The assessment also revealed that grades of the known modern alluvial placers which drain the Marange diamond fields ranged in grade from 50 to 500 carats per hundred tons (cpht).  
There was also potential for remnants of the basal Umkondo (conglomerate) unit in the concession, which runs at grades from 100-3,000 cpht elsewhere in Marange.

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