MIUZ Diamonds - diamonds with a century of history

Moscow Jewellery Factory (MIUZ) has always been famous for its craftsmen winning prizes and obtaining the diplomas of “the best enterprise in the jewellery trade”. One of the oldest factories in Russia has two interesting news: about its recent...

21 june 2021

Lab-grown diamonds and jewellery are the future, says Liu

As the founder of the Diamond Little Star® brand, Liu Jiangjiang is actively involved in various business activities. He founded the Lab Grown Diamond Research Centre and the Lab Grown Diamond Club in China. At the same time, he is also the General Counsel...

14 june 2021

Pandora’s endorsement of lab-grown stones will not devalue natural diamonds – Zimnisky

Jewellery retailer Pandora recently announced that it will no longer purchase natural diamonds as it had switched to lab-grown diamonds. However, diamond market analyst Paul Zimnisky told Rough&Polished’s Mathew Nyaungwa in an exclusive interview that...

07 june 2021

“The volume of Forevermark diamonds that we drive through Indian partners is much higher than in other parts of the world,” says Sachin Jain

Sachin Jain has been a part of the Indian arm of De Beers that dates back to 2010 when he came on board as Head of Retail. In year 2014 he took over as President of Forevermark and today he is the Managing Director of De Beers, India. His single-minded...

31 may 2021

GSI's new Jaipur office to specialize in colored gemstones

Gemological Science International (GSI) has opened a new laboratory in Jaipur, India. Since this state is the capital of colored gemstones, the laboratory will have a dedicated division specializing in colored gemstone geographical origin and...

24 may 2021

Sylvania drops Q3 PGMs output as revenue rises

04 may 2021
Sylvania says its platinum group metals (PGMs) output dropped by 5% quarter-on-quarter to 17 420 oz in the third quarter ended March 31 2021 in line with its projections for the quarter, which is historically a lower-producing quarter.
The Aim-listed miner, which has operations in South Africa, accrued $74.2-million of net revenue from its Sylvania Dump Operations (SDO) for the quarter compared to $43.7-million recorded in the second quarter of the 2021 financial year.
Its core earnings for the third quarter jumped to $58.7-million from $29.1-million in the second quarter.
Sylvania’s net profit also leapt to $41.3-million from the second quarter’s $20.3-million, allowing it to pay a dividend of $14.3-million.
“The group has benefited from a strong PGMs basket price, boosted by the high rhodium price, as well as the recent performance of both iridium and ruthenium which contributed to the record profits for the quarter,” said company chief executive Jaco Prinsloo.
He said the group was on course to produce about 70 000 oz of PGMs for the full financial year.

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