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 Diamonds announced 3Q 2019 production results

22 october 2019

mountainprovince_logo.pngMountain Province Diamonds Inc. announced production results for the third quarter ended September 30, 2019 from the Gahcho Kué Diamond Mine ("GK Mine").
Total carats recovered and grade in Q3 2019 were 16% and 28% lower respectively than the same period last year, and slightly less than expected for the Quarter. 
Over 1 million tonnes of ore was mined in Q3 2019, 13% lower than the same period last year (Q3 2018: 1.2 million tonnes), but 35% higher than what was achieved in the previous quarter (Q2 2019: 746,583 ore tonnes mined). 
The plant treated 890,235 tonnes and produced over 1.53 million carats in Q3 2019, in comparison to 759,000 tonnes treated and 1.82 million carats recovered in Q3 2018. 
Despite all the challenges in the earlier part of 2019, the mining operations are trending positively in the current quarter (Q4 2019) and the Company is on track to achieve its full year guidance of 6.6 – 6.9 million carats. 
Stuart Brown, the Company's President and Chief Executive Officer, commented: "From a production perspective I fully expect 2019 will be a successful year… The rough diamond market remains tight. Geopolitical and trade war tensions together with the recent issues in Hong Kong have not been helpful in improving sentiment across the diamond pipeline. Our medium to long-term view of the market remains positive. The major producers have seen reduced levels of sales in their recent rough diamond sales events and this, together with the closure of older mines, should have a positive effect on the supply side of the market in 2020 and beyond and help to restore confidence across the diamond pipeline."

Alex Shishlo, Editor of the Rough&Polished European Bureau