Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...


GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

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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...

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There is a significant need for smart and technological financial solutions in the diamond industry

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30 august 2021

Namakwa Diamonds reacts to weak rough diamond market

16 january 2009

Gem-miner Namakwa Diamonds, which announced last year that it was reviewing its operations in South Africa’s North West Province to improve profitability, says it would likely put some of its mines on care-and-maintenance as rough diamond prices remains weak.
“Following the completion of the review, it is likely that certain operations will be placed on care-and-maintenance, while others may be significantly reduced,” Namakwa Diamonds said in its quarterly report for the period ended January 12.
Namakwa Diamonds said it committed a large portion of its rough diamond inventory to cutting and polishing at its own facilities as it avoided selling significant volumes of rough diamonds during the period under consideration.
Namakwa Diamonds stated that the continued depressed state of the diamond market was likely to deliver opportunities to buy rough and polished goods at reduced prices, from distressed mining companies and dealers.
The miner recorded a 2, 7 percent quarter-on-quarter increase in output, despite declining market conditions. Between September 1 and January 12, the company produced an estimated 12 207 ct, and recovery grades improved by 31, 9 percent.

Mathew Nyaungwa, Rough&Polished from SA