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

Rio Tinto sets budget for Star-Orion project

28 june 2021
Mining major Rio Tinto has given notice to Star Diamond that it will be seeking approval of a $17.8 mn budget for the Star-Orion diamond project in Saskatchewan for the period of June 2021 through March 2022. 
The two companies are involved in a dispute about the ownership of Star-Orion. Rio Tinto is also looking to collect a portion of the $64.4 mn it has already spent on the project between November 2019 and May 2021.
In November 2017 Rio Tinto signed a four-stage, $70.5 mn agreement to earn up to a 60% interest in the project over 7.5 years. Star Diamond however did not agree to enact the JV and took Rio Tinto to court.
The case, which also seeks damages from Rio Tinto, is not likely to be heard until next year. If Star is unable to fund its portion of spending, it risks having its interest in the project diluted.
The two sides are awaiting a court decision on an ‘undertaking’ by Rio Tinto that was heard on June 4 and would determine whether Rio Tinto can call a management committee meeting.
Rio Tinto has completed a 10-hole bulk sampling program at Star-Orion that it says has confirmed confidence in grades at the project.

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