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

Lucara to go ahead with Karowe underground expansion

07 november 2019

lucara_news.pngLucara Diamond has concluded a feasibility study for the underground expansion at its wholly-owned Karowe mine, in Botswana, which is expected to double the mine life, and generate significant revenue and cashflow out to 2040.
Pre-production capital cost of the underground project has been set at $514 million.
Lucara chief executive Eira Thomas said a significant portion of the cost to expand the mine underground can be funded from cash flow, and the investment is expected to be paid back in under three years, as the underground allows Lucara to exploit the highest value part of the orebody first and generate more than $5.25 billion in gross revenue.
“Diamond deposits are rare and getting rarer,” she said.
“In this context, we are extending a mine that is in a class of its own, having produced 15 diamonds in excess of 300 carats, including 2 greater than 1000 carats in just seven years of production.”
Karowe has produced 2.5 million carats since 2012 and generated $1.5 billion in revenue.

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