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

No offers yet for Petra’s Williamson Diamond Mine

31 august 2020
Petra Diamonds is yet to receive an offer for its Williamson Diamond Mine, in Tanzania two months after it announced plans to sell its assets, according to the local media.
The diamond miner was quoted by The Citizen as saying that it will engage its stakeholders, who include the government, when it gets an offer for its 75% stake in the Mwadui-located mine.
The Tanzanian government had allegedly stopped the company’s plans to sell the Williamson Diamond Mine as it had made the announcement without consulting it despite being a 25% shareholder.
It also annulled Petra’s decision to send home employees due to weak business performance in the wake of the Covid-19 pandemic.
Petra, which also has operations in South Africa, put itself up for sale or parts of the business and assets of the group in June this year.
This follows a strategic review, which seeks to find ways to repay the group’s $650 million debt.
The company said that a formal sale process will require interested parties to enter into a confidentiality agreement with the company on terms satisfactory to the board of Petra and on the same terms, in all material respects, as other interested parties.

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