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

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Diamcor seeks extension of convertible loan financing

18 november 2020
Image credit: Diamcor Mining

Diamcor Mining has applied to the TSX Venture Exchange for an extension of time to complete the balance of the convertible loan financing.
The company announced towards the end of September that it intended to complete a convertible loan financing of up to C$3,5 million for general corporate purposes, the resumption of operations, and the continued advancement of the work programmes previously underway before the COVID-19 related shut down at the Krone-Endora at Venetia Project, in South Africa.
Diamcor then reported last month that it had closed an initial tranche of the convertible loan financing, which included subscriptions from five investors for aggregate gross proceeds of $954,500.
The requested extension was subject to TSX Venture Exchange approval.  
Diamcor said it expects to be in a position to complete the second and final tranche of the financing on or before December 15, 2020.

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