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

Angola mulls tax break to revive diamond industry

13 november 2020
Diamond ore condentration at ENDIAMA                                                                                                 Image credit: ENDIAMA

Angola is considering a tax break in the fiscal year 2021 to revive the country’s diamond industry, according to media reports.
Angola’s special taxation director of the General Tax Administration Pedro Marques was quoted by Xinhua as saying that the move was meant to encourage diamond companies to produce and sell more stones.
“Angola expects to obtain 42 billion kwanzas (about 63.1 million U.S. dollars) in taxes from the diamond industry in 2021,” he said.
“Next year we will advise and help companies on how they can benefit from the various incentives that have been provided in the mining code, how companies can benefit from reduced tax costs and periods of grace in the payment of income tax.”
Angola is projected to have collected up to 27.9 billion kwanzas ($41.9 million) in tax from the diamond industry in the first nine months of 2020.
Angola produced 5.3 million carats of diamonds between January and August this year.
Endiama had targeted to produce 10.5 million carats this year and realise revenue of $1.4 billion.
However, the country will miss its target due to the Covid-19 pandemic.
Angola earned about $1.3 billion from just over 9.44 million carats of diamonds sold in 2019.

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