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 exceeds 2019 revenue guidance

20 december 2019

lucara_news.pngLucara Diamond accrued $52.9 million at its final diamond tender of 2019, which is 16% higher than expected and achieved an average price of $548 per carat. 
The December tender puts Lucara's 2019 revenue at $192.5 million exceeding the 2019 revenue guidance of between $170 million and $180 million. 
"Though it is too early to call a trend, prices achieved in our final sale of the year reflect a stronger, more stabilised market environment and continued strong demand for Karowe diamonds,” said Lucara chief executive Eira Thomas.
“As a result, we have exceeded our revenue guidance for 2019.”
She said the company remains well positioned and highly levered towards further strengthening in diamond prices over the next 12-24 months as supply constraints from large, maturing, mines begin to manifest. 
“This bodes well, not only for our current open pit operations, but also supports our plans for underground expansion to extend Karowe's mine-life to at least 2040, with the potential to generate an additional $4 billion in revenue," said Thomas.
It recorded an average price of $468 per carat this year, while 30 diamonds were sold for more than $1 million each.

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