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

SA small, junior diamond mining sector in dire straits – report

21 june 2021
South Africa’s small and junior diamond mining sector is up the creek, according to media reports citing the South African Diamond Producers Organisation (Sadpo).
“Over the past 16 years, we've lost about 90% of the companies involved in the sector and about 20 000 jobs. COVID-19 has exacerbated the situation to a point where the industry might disappear in the next ten years if we don't take urgent steps to rectify things,” Sadpo chairperson Lyndon de Meillon was quoted by Mining Weekly as saying.
He said overregulation was inhibiting the growth of the sector and as much as 8% of the turnover for small and junior diamond mines is spent on compliance-related costs.
“We need a regulatory regime that is investor-friendly and simple…Essentially, the regulations and legislation in place for larger mines are not suitable for small and junior [miners], as they cannot comply with all of it,” said De Meillon.
“This level of compliance-related costs is crippling for small, privately owned, unlisted companies that are mining marginal ultralow grade deposits, and which do not have access to large amounts of cash.” 
He also said that Sadpo prepared a proposal on ways to rescue the troubled small and junior diamond mining sector.
The sector contracted from about 2 000 companies operating in South Africa in 2004 to the current 200.

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