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

Gemfields earns over $31mln from emerald mini auctions in April

20 april 2021
Gemfields has earned $31.4-million in revenue from a series of five sequential mini-auctions of emeralds produced at its 75%-owned Kagem mine, in Zambia.
The mini-auctions took place recently for two days.
The auctions contained a selection of grades that are typically offered at Kagem Mining auctions of higher quality emeralds. 
Gemfields said 59 companies placed bids, with the mini auctions achieving an average value of $115.59/ct.  
The rough emeralds sold at the auction were all extracted, before March 2020.
Operations at Kagem were suspended in March 2020 as a result of the Covid-19 pandemic and remained suspended until March 2021 to preserve cash during difficult market conditions. 
It is expected that mining operations at Kagem will ramp back up to full scale by the end of this month.
Selected lots were made available for in-person and private viewings by customers in Tel Aviv, Dubai and Jaipur. 
Following the viewings, the auctions took place via an online auction platform specifically adapted for Gemfields and which permitted customers from multiple jurisdictions to participate in a sealed-bid process.
"This was Kagem's highest auction revenue since March 2016 and we were very pleased to see such strong demand and pricing," said Gemfields products and sales managing director Adrian Banks.
"Because operations were suspended at Kagem in March 2020, the world's largest emerald mine produced no new emeralds for more than a year."

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