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

Eastern Platinum more than doubles Q2 revenue

17 august 2021
Vancouver-based Eastern Platinum has increased its revenue for the three months ended June 30, 2021 to about $20 million compared to $9.3 million, a year earlier.
It said revenue for the six months ended June 30 rose by 56.2% to $36.7 million from the previous year’s $23.5 million.
“We are encouraged by the results from the second quarter as Eastplats continues its positive revenue growth and profitability through the Retreatment Project; increasing PGM capacity including through the PGM Main Circuit, which is expected to commission in the near future; and developing our other projects in the eastern limb of the Bushveld Complex,” said company chief executive Diana Hu.
The company’s majority of revenue is generated from the offtake agreement with Union Goal concerning chrome concentrate production from the retreatment project.
The remaining revenue comes from PGM concentrate sales to Impala Platinum.
Eastplats said its net income attributable to shareholders leapt to $3.3-million, representing earnings attributable to shareholders of $0.02 apiece.
Meanwhile, South Africa’s average grade of chrome production in the second quarter remained constant year-on-year, at 38.5%, while its chrome concentrate production jumped from 214 994 tonnes to 223 487 t.

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