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

Israeli mining company discovers new ‘Extraterrestrial’ mineral worth more than diamonds

24 june 2019

Israeli mining company, Shefa Yamim has unearthed a new material, closely resembling sapphire or ruby in its composition, in the Zevulun Valley in northern Israel.
Abraham Taub, CEO – Shefa Yamim called the new stone “carmeltazite,” after the mountain where it was found, Mount Carmel, and the three metals it contains: titanium, aluminum, and zirconium. Carmeltazite, the new mineral on Earth, previously known to only exist in space has been officially recognized now as a rare gem.

Image credit: Shefa Yamim

Interestingly, Carmeltazite was also found to resemble another, rarer mineral of extraterrestrial origin ‘allendeite’, which was only seen on the Allende Meteorite that struck the Earth on Feb. 8, 1969 --- a significant geological discovery.
Carmeltazite is said to possess spectacular commercial potential, resembling other gemstones such as sapphires used in the jewelry industry. The material is also said to have a higher density than diamond, and is far rarer than diamond.
Mining company Shefa Yamim has already trademarked the mineral to be marketed as “Carmel Sapphire,” and it is likely to be one of the most expensive gems in the future.
According to a report in Forbes, rare stones began their formation some 18 miles below the surface of the Earth, close to where the crust meets the mantle. There, high pressures and high heat created partially molten rocks, which released fluids, which reacted to form new minerals, such as carmeltazite.
The new, precious gem was found in black to blue-green or orange-brown colors with a metallic luster inside cracks and fissures of another mineral called corundum—similar to sapphire. The largest stone found so far was 33.3 carats. Besides attracting significant international attention both for its rarity and novelty, the stone, once thought to be of extraterrestrial origin could soon be worth far more than diamonds.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished