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

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

SMMEs tipped to drive growth of SA diamond industry

20 march 2019

Small, medium-sized and microenterprises (SMMEs) will help drive growth of South Africa’s diamond industry, which has been hit by a lack of development and depleting assets, according to a diamond exploration, evaluation and mining geologist.
Mining Weekly quoted John Bristow, who recently addressed the South African Diamond Producers Organisation (SADPO) conference, as saying that SMMEs would have an overall positive impact on the economy.
He said small and junior miners were “very good at taking and mitigating risks”, while larger mining companies are more focused on reducing risk.
Bristow said South Africa, which had several low-grade diamond deposits, should use the global shortage of quality diamonds as an opportunity to not just alleviate the issue of depleting assets, but also SMMEs and entrepreneurs to unlock the skills and expertise that currently remains unexplored in the country.
“This country needs to encourage its entrepreneurs to spend money, be they local or foreigners, and to invest and explore the country,” he said.
Meanwhile, Bristow said that synthetic diamonds were not entirely bad for the industry.
“I think they can play an important role in creating more knowledge and exposure to get more young people into the business,” he said.
“Synthetic diamonds undoubtedly have a place, but here in South Africa, we need to use the decline in natural big diamonds as an opportunity to encourage [increased diamond mining]”.

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