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

Petra, SA workers’ union sign one-year wage deal

07 october 2020
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   Image credit: Petra Diamonds

Petra Diamonds has concluded a one-year wage agreement with the National Union of Mineworkers covering its South African operations for the financial year to 30 June 2021.
The company said it will make a once-off, ex gratia payment end of November of between R5,000 and R8,500 to employees graded in the A and B Paterson Bands. 
In addition, employees in the A Paterson band will receive an increase of 5.5% in their cash earnings, effective 1 January 2021, with employees in the B Paterson band receiving 5%.
“This (agreement) now allows us to renew our focus on continuing to deliver operationally as we reposition the business in emerging from what has been a particularly challenging period,” said Petra Diamonds chief executive Richard Duffy.
Apart from wage increases, the agreement also covers various outstanding discussion points between Petra and the NUM, with clear timelines for finalisation of these, as well as a commitment to continue discussions on a wage agreement for the following financial year to 30 June 2022.
NUM had planned to an industrial action at De Beers and Petra mines in South Africa after the parties failed to reach a wage deal at Council for Conciliation Arbitration and Mediation (CCMA).
NUM had demanded wages at Petra to rise by R1000 as well as a job alignment at all of its operations in South Africa.

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