Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...


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

SA lockdown extension: BlueRock to continue with Kareevlei care, maintenance

14 april 2020

BlueRock Diamonds will continue with the Kareevlei care and maintenance as South Africa extended its lockdown to the end of April, a senior company official has said.
“The extension has no direct impact upon our strategy and we continue to ensure that we minimise costs whilst we are in care and maintenance and to explore alternative ways to commercialise our product so that we are best placed to fire up production as soon as we are able,” said company chairperson Mike Houston.  

                   Image credit: BlueRock

As part of its strategy, announced earlier this month, BlueRock decided to place the Kareevlei operation in the Kimberley region on care and maintenance, with only a small team retained on site to ensure that the plant and machinery is kept in working order and can be brought into production at short notice.  
It also reduced costs to an absolute minimum with all but essential staff furloughed.
Agreements with suppliers were deferred and expansion plans were also put on hold.
Houston said they will explore alternative ways to commercialise their product so that they are best placed to fire up production as soon as the situation normalises.
Kareevlei has an on-surface stockpile of 30 000 t of run-of-mine and crushed material, which equates to about 15 days production. 
This, it said, will be used to enable a swift return to target production levels.

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