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

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Petra Diamonds identifies founder’s successor

19 december 2019
petra_diamonds_logo.pngPetra Diamonds has appointed Peter Hill CBE as its non-executive director and chairperson-designate with effect from 1 January 2020.
He will also become the company’s non-executive chairperson on 31 March 2020, in succession to founder and Chairman Adonis Pouroulis.
"We are delighted that Peter will be joining Petra Diamonds. He brings an impressive track record of Chairmanships and Board memberships across a range of global companies, industries and organisations, built on his earlier career in the mining industry including in Southern Africa…,” said Pouroulis.
“I am personally delighted that someone of Peter's calibre and experience will be succeeding me as Chairman, and I wish him well."
Pouroulis founded and listed Petra in 1997.
He led the company into one of the world's top five independent diamond producers.
Petra, which has operations in South Africa and Tanzania, saw its revenue for the year ended 30 June 2019 drop 6% to $463.6 million, which resulted in adjusted EBITDA margin declining to 33% against the previous year’s 39%. 
Its net debt at 30 June 2019 was $564.8 million compared with $520.7 million, a year earlier.

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