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

Mountain Province announced 1Q 2019 financial Results and Revises 2019 Guidance

13 may 2019

mountainprovince_logo.pngMountain Province Diamonds Inc. announced its financial results for the quarter ended March 31, 2019.
According to the company, it sold 643,739 carats for $CAD 60.7 million (US$45.8 million) compared to $CAD66.6 million from 527,000 carats sold in Q1 2018 (US$52.4 million) at an average realised value of $CAD94 per carat (US$71) against 2018: $CAD126 per carat, (US$99).
Adjusted EBITDA amounted to $CAD19.7 million compared to $CAD33.6 million in Q1 2018, mainly due to the rough diamond market being weaker in Q1 2019 compared to Q1 2018 and the sale of a different mix of goods with fewer better-quality and special stones in Q1 2019 compared to Q1 2018. Adverse weather conditions during the quarter also affected the costs.
Earnings from mine operations went down to $CAD10.2 million compared to $CAD24.6 million in Q1 2018.
Cash costs of production, including capitalized stripping costs went to $CAD111 per tonne treated (2018: $CAD76 per tonne) and $CAD61 per carat recovered (2018: $CAD37 per carat).
The company also announced that as a result of plant enhancement modifications, it has increased its 2019 guidance from 3.1 – 3.2 million tonnes treated to 3.2 – 3.3 million tonnes.

Alex Shishlo, Editor of the Rough&Polished European Bureau in Brussels