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...

Today

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

Karowe underground expansion: Lucara approves budget for early works

04 december 2019

lucara_news.pngLucara Diamond has approved a budget of up to $53 million for early works related to a proposed underground mine at its wholly-owned Karowe diamond mine, in Botswana.
It said an investment decision, subject to receipt of all required authorisations and the arrangement of financing, is expected in the second half of 2020.
“Anticipated cash flow from operations in 2020 should allow us to pursue early works which are critical to the underground development schedule, while at the same time allowing us to leverage our balance sheet to finance the project in a cost-effective manner," said Lucara chief executive Eira Thomas.
The company forecasts revenues of between $180 million and $210 million in 2020, as the proportion of carats recovered from the higher grade MP/KS and EM/PK(S) units increases. Lucara recently concluded a feasibility study for the underground expansion at Karowe, 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 was set at $514 million. 
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