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

Ekati mine staff will return to work in full at the end of February

05 february 2021
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 Ekati Diamond Mine                                                Image credit:  Dominion Diamond Mines


Dominion Diamond Mines, which completed the sale of the Ekati Diamond Mine on Wednesday, said that the mine staff will return to work in full by the end of February.
The Ekati Diamond Mine and associated assets, with the exception of Dominion Diamond Mines' share in the joint venture agreement and liabilities relating to the Diavik Diamond Mine, have been sold to Arctic Canadian Diamond, CBC News reported.
Arctic Canadian Diamond has been formed and is controlled by DDJ Capital Management, Brigade Capital Management, LP and Western Asset Management Company, LLC. According to a press release distributed by Dominion Diamond Mines, Arctic Canadian Diamond has assumed Dominion's outstanding debt of $ 70 million "under its existing revolving credit agreement and the reclamation obligations of the Ekati mine."
“This transaction significantly reduces our debt obligations, and provides sufficient liquidity to fund our operations, invest in future growth and allow the Company to emerge with a materially stronger balance sheet,” said Dominion CFO Kristal Kaye.
Operations at Ekati were suspended last March due to the coronavirus pandemic. Last November, Dominion initiated a 10-week phased restart of Ekati and production fully recovered last month, but with a reduced workforce. Now all Ekati employees are expected to be back to work no later than February 25th.

Vladimir Malakhov, Rough&Polished