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 reports a net loss of $3.2 million in Q1

13 may 2020

lucara_news.pngCanadian mining company Lucara Diamonds reported a net loss of $ 3.2 due to continued pressure on the diamond industry and lower sales revenue.
Financial losses occurred despite the fact that work at the company’s fully owned Karowe mine in Botswana did not stop, and production was carried out in accordance with the plan, said the Diamond Loupe.
In the first quarter of 2019 Lucara received a net income of $ 7.4 million. Cash flow in the first three months of this year decreased to $ 2.4 million against $ 10.6 million for the same period in 2019.
Given the volatile market conditions, the company has to assess whether and how much cash flows will be spent on the planned underground expansion of Karowe. It is expected that this will extend the life of the mine until 2040 and is estimated at $514 million.

Alex Shishlo, Editor of the Rough&Polished European Bureau