The indelicate balance of ethics against profit

I am slightly pained to write this blog, as over the years I've made many close friends and contacts in Switzerland, not to mention worked very closely with several Swiss-based companies as part of our recently launched DMCC Crypto Centre, including...

Today

Yakut diamonds, the symphony of permafrost

The Yakutia-based Kierge company, one of the Top 100 of the leading jewellery brands in Russia, opened its showroom in Moscow this autumn, which is gaining popularity in the capital of Russia. “Kierge” is the Yakut for a “finery, decoration” in a broad...

22 november 2021

Vladislav Zhdanov - “The use of diamonds in high technologies is the main and key target of the diamond synthesis technologies”

Vladislav Zhdanov, Professor at the Higher School of Economics, Advisor to Director General - Chairman of the Management Board of the Russian Railways company, and former Vice President of ALROSA (2015-2018). He is a physicist by background...

15 november 2021

Ali Pastorini: The white diamond is the equivalent of a white shirt for a woman

Ali Pastorini is the co-owner of Del Lima Jewelry and President of Mujeres Brillantes, an association that brings together more than 1,000 women working in the gold and diamond trading sector, mainly from Latin America, as well as from Turkey, Spain...

08 november 2021

“As a purist and old school diamantaire, I don't believe in LGD,” says Vin Lee, CEO Grand Metropolitan

Vin Lee, the King of Luxury, doesn’t need any introduction. He is a self-made billionaire CEO of Grand Metropolitan. The Beverly Hills' family office Grand Metropolitan is $7 billion AUM privately-held luxury goods holding company with a 60-brand...

01 november 2021

Implats makes nonbinding indicative proposal to acquire RBPlat

28 october 2021
Impala Platinum (Implats) has made a non-binding indicative proposal to acquire 100% of the issued ordinary shares of Royal Bafokeng Platinum (RBPlat).
The companies said in a joint cautionary statement on Wednesday that should Implats acquire all the issued ordinary shares in RBPlat, an application will be made to the JSE for the issued ordinary shares of RBPlat to be delisted.
The parties have completed a reciprocal due diligence exercise and are progressing a proposed transaction implementation agreement. 
RBPlat's operations include the Bafokeng Rasimone Platinum Mine (BRPM), the Styldrift mine, the BRPM Concentrator complex and the Maseve concentrator plant in Rustenburg, in the North West.

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