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...

Yesterday

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

Unexpected mining output to lower rate of Botswana’s economic decline in 2020

16 july 2020
Diamond-rich Botswana is expected to register an economic decline by 8.9% in 2020 due to better mining output and a shorter lockdown, according to media reports citing the central bank. 
The country had initially projected an economic decline of 13.3% this year. 
“The ministry of finance now sees a lower economic contraction in 2020,” Reuters quoted director of research and financial stability at the central bank, Tshokologo Kganetsano as saying.
“The first number was based on an assumption of a longer lockdown and larger contraction in mining activities.” 
Botswana ended a 48-day national lockdown on May 21, which saw businesses and schools reopening. 
The country recently said it will need about $3.4 billion over the next two and a half years to cater for expected budget deficits and resuscitate the economy as the COVID-19 pandemic wreaks havoc.
The projected cost for Economic Recovery and Transformation Plan (ERTP) spending was $1.7 billion for over a period of two years and five months, while the projected budget deficit was $1.7 billion over the same period, which adds up to a total of $3.4 billion to be funded.
Botswana’s economy had been struggling since the outbreak of coronavirus, which significantly lowered sales and export of diamonds with the country’s major trading partners China and the USA.
Diamonds dominate the country’s export receipts.

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