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

De Beers, Botswana agree on one-year extension to existing sales agreement

16 december 2020
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Image credit: De Beers Group


De Beers and the government Botswana have agreed to extend their existing contract for the sale of Debswana's rough diamond production until the end of 2021 due to the impact of the COVID-19 pandemic.
The agreement was due to expire at the end of this month. 
"The extension, which will extend the terms of the existing agreement, will provide further time for discussions regarding the contract renewal," said De Beers in a brief statement.
De Beers brought the Diamond Trading Company (DTC) to Botswana under the current deal, which also saw paved way for the country to receive 15% of the total Debswana output for sale by the state-owned Okavango Diamond Company.
Reuters reported last August that the coronavirus pandemic was expected to delay the conclusion of a new sales deal.
The country's minerals permanent secretary, Mmetla Masire was quoted saying at the time that there was no guarantee that they will renew a new 10-year sales agreement with De Beers before the end of December.
He said then that although Gaborone had resumed talks with De Beers, travel restrictions had slowed progress.
The extension of the current sales agreement will put a dent on President Mokgweetsi Masisi's plans to boost a young diamond polishing and cutting industry.

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