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

Lucara re-scopes, reduce budget for Karowe underground expansion

17 august 2020
Lucara's underground expansion programme at its Karowe Mine in Botswana has been re-scoped and reduced from the previous budget of $53 million for the year and will focus on long lead time critical-path items through the remainder of 2020.
The diamond miner said this was due to uncertainty around estimating revenue for 2020 although the recently announced supply agreement with HB is expected to provide regular monthly cash flow for the remainder of the year
“As a result, during H1 2020, $5.6 million was spent on project execution activities including detailed engineering and design work and early procurement initiatives,” it said. 
Planned capital spending programme for 2020 was to be largely focused on the initiation of an underground expansion project at Karowe and funded entirely from free cash flow generated by operations.
The underground expansion programme had an estimated capital cost of $514 million and a five-year period of development, with flexibility to adjust capital spending depending on market conditions.  

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