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

Rio Zim gold output down 27%, nickel refinery remains mothballed

15 april 2021
Rio Zim says its gold production declined by 27% to 1.21 tonnes in 2020 from 1.66 tonnes achieved in the prior year. 
It said the group's flagship operation Cam & Motor Mine carried out mining activities from the nearby One Step Mine hauling low-grade ore to the Cam & Motor plant for processing.
This, said Rio Zim, resulted in a drastic fall in gold production compared to the prior year when the mine processed higher grade ore from its Cam pits. 
It also said that the gold price maintained a growth trend throughout the year recording a 27% growth from the prior year's average price of US$1 395/oz, to an average price of US$1 765/oz in the current year which counteracted the impact of lower production volumes.
Revenue generated during the period was ZWL$3.1 billion in comparison to ZWL$577.1 million in the prior year. 
"The exponential increase in revenue was a direct result of the depreciation of the local currency against the US dollar," it said.
Meanwhile, Rio Zim said that the Empress Nickel Refinery remained under care and maintenance last year. 
The Refinery, however, continued with cash-generating projects to partially fund the care and maintenance costs whilst maintaining the integrity of the plant. 
"Over and above the initiatives to identify sources of matte, the company is also evaluating various alternatives to bring the refinery back to normal production…," it said.

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