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

Petra targets Q1 2022 resumption of production at Tanzania mine

23 august 2021
Petra Diamonds is expected to resume operations at its Williamson mine, in Tanzania in the first quarter of 2022, according to the local media.
The Citizen quoted Petra chief executive Richard Duffy as saying plans are being refined to allow operations at Williamson mine to resume.
The resumption, he said, was expected to contribute between 220,000 and 270,000 carats of diamonds to the group's output in 2022.
Problems in Tanzania arose after the government blocked Petra’s parcel of 71,654.45 carats that had been packaged for export on August 31, 2017.
Tanzania claimed that the blocked diamonds were worth $29.5 million at the time, but Petra had under-declared the stones for export. 
However, Petra said it was not responsible for the provisional evaluation of the stones. 
The Williamson mine had been on care and maintenance throughout the fiscal year 2021.
A report by Rights and Accountability in Development detailing cases of at least seven deaths and 41 assaults by security personnel at the Williamson Mine in Mwadui also brought problems for Petra.
The company has since agreed to pay more than $1.3 million into an escrow account to fund restorative community programmes.

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