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

Zim loses diamonds worth $140 mln – report

20 july 2021
Zimbabwe lost diamonds worth $140 million that disappeared from the Minerals Marketing Corporation of Zimbabwe (MMCZ) and Zimbabwe Consolidated Diamond Company (ZCDC) repositories, according to a local news report citing the country’s auditor general.
New Zimbabwe.com reports that 350 000 carats of rough diamonds vanished in 2019, although this was made public recently.
Auditor-General Mildred Chiri was quoted as saying in her report that both the MMCZ and ZMDC failed to account for the rough diamonds that were kept in their vaults.
"In 2019, 297 660.41 carats of diamond stock held at MMCZ was not counted at the time of the stock count. These parcels were packed for customers and held at MMCZ,” Chiri said.
“However, at year-end, during the stock count, these stocks were not included in closing inventories.
"In 2018, 41 699.85 carats of diamond stocks held at MMCZ were excluded from the stock count. It was assumed at the time that these stocks had been sold to customers. An additional 13 222, 85 carats were excluded from the final stock sheet in error."
MMCZ also failed to account for five carats valued at over $2 000 in December 2019.
The diamonds surprisingly went missing during a Close Circuit Television (CCTV) failure.
"The findings of the audit revealed that MMCZ could not ascertain how the five carats of diamonds were lost because the CCTV video footages could not be retrieved as there was an internal control system failure,” she said.
"There is a high possibility that the diamonds were stolen. This clearly points to the failure by the corporation on its role to ensure effective accounting of natural resources and curb mineral leakages."

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