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

Gold miners need to get greener to meet 2030 emissions targets

25 june 2021
The global gold industry is broadly on track to align with the target of keeping the global average temperature rise on Earth at 2°C above pre-industrial levels by the end of the current decade. However, more action is required if the industry is to meet the 1.5°C mark, according to a report from Wood Mackenzie. 
To assess the pace of the greening of gold, Wood Mackenzie’s analysis forecasts the progress of gold miners out to 2030 against the reduction in emissions required to align with the 2°C and 1.5°C targets.
According to estimates, the gold industry emitted over 55Mt of CO2 equivalent in 2019 in scope 1 and 2 emissions, which is approximately 0.2% of total global carbon emissions. Though this is small in comparison to other areas within the energy sector, gold miners must not become complacent in the drive towards a more sustainable mining sector.
Rory Townsend, Wood Mackenzie’s Head of Gold Research said: “Miners who are not striving to reduce their environmental footprints are likely to lose favour among investors and struggle to secure project financing.” 
Though several carbon-intensive mines are due to go offline before 2030, recently mine life extensions are materialising alongside the elevated gold price. This might need more aggressive action to reduce emissions to align with the carbon reduction target.
To change the perception of the industry, however, it needs to be a collective effort. This is an opportunity for miners to boost their green credentials, particularly at a time when other asset classes, such as cryptocurrency, are having their sustainability commitments drawn into question, opines Townsend. 
The gold industry in the report refers to 339 large-scale gold mines or 60% of the total gold mine supply. Gold production originating from primarily copper, zinc and nickel mines is excluded from this analysis. Additionally, this does not include an assumption for small-scale, informal, artisanal or illegal mining due to the opaque nature of supply.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough&Polished