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...

Yesterday

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

Lucara invested $18.7m to expand Karowe underground mine in 2020 – report

05 july 2021
Lucara Diamond invested $18.7 million to progress the underground expansion project at its wholly-owned Karowe mine, in Botswana, reads parts of the company’s sustainability report for 2020.
The company executed a mandate for a senior secured project financing package of up to $220 million to fund the underground expansion of Karowe in March this year.
A syndicate of five international financial institutions, including ING Bank N.V., Natixis, Societe Generale, London Branch, Africa Finance Corporation, and Afreximbank will act as the Mandated Lead Arrangers. 
Lucara said the closing of the facilities is targeted to be mid-2021, with financing in place for the second half of 2021.
The feasibility study on extending the life of Karowe by transitioning from an open pit to an underground mining operation was published in December 2019.
This expansion project, which has an estimated capital cost of $514 million, continued to advance in 2020 focused on time critical-path items, detailed engineering and design, and limited earthworks and geotechnical studies, it said.

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