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

Lucapa to resume mining operations at Mothae

10 september 2020
Image credit: Lucapa Diamond

Lucapa Diamond says its plan to recommence diamond mining operations at Mothae diamond mine, in Lesotho and introduce a new diamond marketing channel have been approved. 
The Mothae mine had remained on care and maintenance since lockdown and isolation measures forced the suspension of operations in late March 2020.
Mothae was expected to resume operations in the fourth quarter of 2020. 
“It has been a tough time for the industry over the past few months as a result of the pandemic, but particularly for the many men and women employed or engaged at the Mothae mine,” said Lucapa managing director Stephen Wetherall.
Meanwhile, the approval of a new diamond marketing channel was expected to provide Mothae the opportunity to realise more value for its unique high-value production.
Diamond production from the Mothae mine will now be able to be sold at full and transparent rough market value into direct offtake arrangements with diamantaires, it said.
“This approval will allow Mothae to implement value accretive polishing partnerships with its diamantaire partners where Mothae will see additional benefit accruing in the form of shared polished margins from beyond the mine gate,” said Lucapa.
“This additional marketing optionality, together with an expansion programme that could see the Mothae mine production increase by some 60%, will result in a substantial increase in the mine’s contribution to all its stakeholders.”

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