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

Debswana's Damtshaa mine to close on weak demand – report

09 november 2020
                                   Image credit: Keneetswe Joel Nnandzwa (Facebook)

Damtshaa mine, which is owned by Debswana, a joint venture between De Beers and the Botswana government, is set to close next year due to weak demand and trading challenges as a result of the COVID-19 pandemic.
Botswana Mine Workers Union president Joseph Tsimako said that the mine would close for three years. 
"The mine produces lower quality diamonds which makes it expensive to dig during this period when the market is depressed," he was quoted as saying by Reuters.
The mine produces an average annual output of 500,000 carats, 2.5% of Debswana's total production.
However, Damtshaa's diamonds are said to be of lower value than those produced at Jwaneng and Orapa mines.
Meanwhile, Debswana will also close a processing plant at Orapa Mine for an indefinite period.
At least 500 jobs are at risk from the closures.
Debswana produced 12.3 million carats in the first nine months of the year, down 29% compared to the same period of 2019. 

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