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...

Yesterday

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

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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 raises £655k to fund Zim diamond operations

13 august 2019

VAST_Resources_logo.jpgVast Resources has raised £655,000 through a placing and subscription for strategic operational requirements in Zimbabwe.
The company issued 595.5 million shares at a price of 0.11 pence per share.
The subscription was undertaken by a new institutional investor, who will also be issued 34.0 million warrants.
Vast is looking forward to mine alluvial diamonds on the Heritage Concession, in Marange, once it receives a licence from Harare.
It projected to recover a grade of 50 carats per 100 tonnes and a sales price of $58 per carat.   
It said last month in a corporate presentation that independent geological assessment quoted grades for the area as typically 100-200 carats per 100 tonnes and average prices of $80 per carat.  
Projections also indicate revenue after six months of $13.25 million per quarter on expenditure of $7.25 million per quarter after initial operating requirement including capital expenditure of $5 million. 
Vast will establish a joint venture with the with the Zimbabwe Consolidated Diamond Company (ZCDC) with a view to developing, mining and marketing diamonds produced from the concession on a profit share basis with Vast receiving up to 75% of profits including management fees. 
Vast said it continues to progress its financing discussions and maintains its production targets by the end of 2019.

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