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’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Lucapa to raise A$3mln through share purchase plan

27 may 2021
Lucapa Diamond is set to make offers to eligible shareholders to participate in a share purchase plan (SPP). 
Company managing director Stephen Wetherall said the SPP will provide eligible shareholders with an opportunity to apply for up to A$30,000 worth of fully paid ordinary shares in the company at an issue price of A$0.050 per share to raise A$3 million before costs.
The ASX-listed diamond miner announced last Monday that together with its wholly-owned subsidiary, Australian Natural Diamonds had entered into an asset sale agreement with Merlin Operations and its parent entity, Merlin Diamonds to acquire exploration licence EL 26944 and mineral lease MLN 1154 located in the Northern Territory, together with related mining assets.
In consideration of the acquisition, the company has agreed to pay to Merlin Operations a completion payment of A$7,407,785. 
The acquisition is conditional on the satisfaction (or waiver) of several conditions precedent, including the company successfully raising at least A$11 million.
The funds from the capital raising are will be applied towards funding the consideration payable to Merlin operations for the acquisition; the stamp duty and taxes for the Merlin acquisition; advancing the Merlin project – geotechnical drilling, exploration and feasibility study.
It will also be used to advance the Lulo joint venture exploration programme in Angola; costs and expenses of the acquisition, SPP and the placement as well as the general working capital.

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