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 Diamond reduces Equigold loan to $5.9 mln

12 october 2020
Image credit: Lucapa Diamond

Lucapa Diamond has allotted more than 3,2 million fully paid ordinary shares to Equigold in respect of the quarterly interest and fees due under the terms of the $15 million loan facility.
The outstanding debt has now been reduced to $5.9 million.
Lucapa used the 2017 Equigold loan to help finance the development of the company’s second high-value diamond project, the new 1.1 million tonnes per annum Mothae kimberlite mine in Lesotho.  
When Lucapa secured the debt, it indicated that it would attract an annual interest rate of 13% and other fees.
It was initially a three-year debt facility that would have been repaid in eight quarterly payments commencing December 2018.
However, Lucapa and Equigold amended the repayment terms of the loan agreement late last year to extend the repayment term.

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