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

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Diamcor records net loss of $3,4 million in FY 2021

02 august 2021
Diamcor Mining, which is conducting trial mining exercises at its Krone-Endora at Venetia project, in South Africa, says it recorded a net loss of $3,4 million in the year ended March 31, 2021, resulting in a $0.05 per share loss. 
Due to the effects of the required government shutdown associated with the COVID-19 global pandemic, the company had lower than anticipated revenues of $1,5 million compared to about 4 million in 2020.
Diamcor also realised $21,863 from interest and other income during the year down from $45,482, a year earlier.
The reduction, it said, was primarily due to falling interest rates or investment rates in South Africa.
The company had working capital of $416,173 as of March 31, 2021, compared to negative working capital of $1,6 million, the previous year.

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