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

ZCDC diamond output more than halves in July – report

23 september 2019

zcdc_logo.pngZimbabwe Consolidated Diamond Company (ZCDC)’s diamond production tumbled by 78,9% in July to 37 052 carats from 175 768 carats, the previous month, according to a local weekly.
Figures obtained from the mines and mining development ministry showed that the state-owned diamond mining company miner also raked in $1,7 million in revenue during the period under review compared to $7,9 million in June.
Minerals Marketing Corporation of Zimbabwe general manager Tongai Muzenda said diamond prices had dropped by 30-40% in the last three months.
However, an unnamed source in the company cited by Zimbabwe Standard said although the falling prices were a factor, there were other reasons to consider.
“The issue of Zimbabwean diamonds is that the quality does not fetch much on the international market, but, however, there are allegations that the company’s top management is still involved in under declarations and underhand dealings that could be affecting operations,” said the source.
ZCDC had been going through a turbulent period following the sacking of at least nine top executives, including its chief executive Morris Mpofu on allegations of criminal abuse of office. The shake-up is said to be the cause of the production decline.

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