Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...


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

Lucara closes C$41.4 mln financing to support Karowe mine operations

16 july 2021
Lucara Diamond has closed its previously announced bought deal financing and concurrent private placement for C$41.4 million. 
It said 33,8 million common shares of the company, including 4,4 million common shares issued pursuant to the over-allotment option, which was exercised in full, were sold at a price of C$0.75 per share for gross proceeds of about C$25.4 million.
The private placement saw 21,3 million common shares being sold at a price of C$0.75 per share for additional gross proceeds of C$16 million.
Lucara said the net proceeds of the financing will be used for working capital to support the development and ongoing operation of the Karowe diamond mine, in Botswana, including the Karowe underground expansion project.
The company recently has signed loan documentation with a syndicate of five mandated lead arrangers (MLAs) concerning its previously announced senior secured project financing debt package of $220 million to fund the development of the underground project at Karowe mine.
The Karowe mine remains one of the highest margin diamond mines in the world, having yielded five of the 10 largest diamonds in recorded history, and is the only mine to have recovered three diamonds greater than 1,000 carats.
The miner also recovered a 62.7-carat fancy pink diamond this week, which is the largest fancy pink gem to be recovered in Botswana and one of the world's largest rough pink diamonds on record.

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