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

Gem Diamonds Q1 revenue jumps 24% to $52 mln

13 may 2019

news_21062018_gem.pngGem Diamonds’ revenue from diamonds sold in the first quarter jumped 24% to $51.9 million from $41.7 million realised in the fourth quarter of 2018.
The company sold 27 335 carats in the first quarter, an 18% drop compared with 33 140 carats sold the previous quarter.
Gem Diamonds said the highest price achieved during the period under review was for a 70.69 carat white diamond that was sold for $48 225 per carat.
A 13.33 pink diamond was also sold for $8 750 360, achieving a Letšeng record price of $656 933 per carat.
“Sales of Letšeng's rough production continued to realise good prices achieving an average price of US$ 1 900 per carat during the quarter,” said company chief executive Clifford Elphick.
Meanwhile, Gem Diamonds said its diamond detection pilot plant project remains on target to be commissioned at the end of the second quarter.
“Construction and set-up have commenced on site,” it said.
“This project supports the continuing strategy of early detection of large diamonds and diamond damage reduction.”

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