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

Rio Shelves Brazil Ore Expansion on Decline in Demand

12 january 2009

Rio Tinto Group, the world’s third- largest mining company, postponed a $2.15 billion expansion of the Corumba iron-ore mine in Brazil because of a decline in demand for the ingredient used to make steel, Bloomberg reported. 
“We retain the option of resuming the expansion when credible signs of a market recovery are seen,” Gervase Greene, a spokesman for London-based Rio, said today from Perth. 
A global recession has curbed demand for steel, prompting mills in Asia, Europe and North America to reduce purchases of raw materials. Rio is cutting 14,000 jobs worldwide and slashing $5 billion in spending to help reduce debt and conserve cash. 
Difficulties obtaining funding for the Corumba expansion and falling demand for iron ore led to the decision, newspaper Folha de S.Paulo reported on Jan. 10, citing Rio Finance Director Aloisio do Pinho Oliveira. 
Expanding the Corumba mine would increase output capacity more than fivefold to 12.8 million metric tons a year, London- based Rio said last year. It was also planning to conduct a study to expand the mine further to 23.2 million tons. 
Rio rose 4 pence, or 0.3 percent, to 1,634 pence at 9:29 a.m. on the London Stock Exchange. The stock has advanced 9.3 percent this year, giving the company a market value of 25 billion pounds ($37 billion). Rio declined 6 percent to A$41.30 ($28.50) at the close of the Australian stock exchange.
Ausenco Ltd. received a notice of termination for its work at Corumba, the Brisbane-based company said today in a statement to the exchange.