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

Gemfields’ Kagem awards employees pay rise after union negotiations

24 january 2020

news_01102018_gemfields.pngGemfields’s 75%-owned Kagem Mining has inked a “collective agreement” with workers’ unions, in Zambia that will see employees receiving a 10% increase in basic salary this year and another 10% increase in 2021.
The agreement between Kagem management and representatives of the National Union of Miners and Allied Workers (NUMAW) as well as the Mine Workers Union of Zambia (MUZ), will also see company pension contribution rising from 15% to 20% of basic pay.
Kagem also offered to boost repatriation allowance by 11% and raise the education allowance by 125%.
 “The salary increment reflects expected cost of living increases, and additional benefit increases are in line with industry expectations, while recognising the need for continued investment in the gemstone sector,” said Kagem board chairperson Sixtus Mulenga.
The Zambian government recently renewed Kagem’s emerald mining licence, which gave it the right to continue mining emeralds for a period of 25 years to April 2045.
The Kagem mine is believed to be the world’s single largest producing emerald mine.
The emerald mine posted $33.2 million in revenue during the six months ended June 30, 2019 compared with the $21 million generated in the comparative period.

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