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

South Africa's Nov. Diamond Production -27%

19 january 2009

South Africa’s diamond production fell 27.4 percent in November 2008 compared with one year earlier, according to a preliminary report on the country’s mineral production for the month by Statistics South Africa. When compared to the previous month, October 2008, the country’s  November diamond production fell 12.7 percent. The report did not provide total production figures.
South Africa experienced a drop in output in most commodity divisions but diamonds had the steepest decline for the month. Total mineral production fell 6.1 percent year on year, while the total excluding gold dropped 5.7 percent. Iron ore, chromium, and manganese ore were the only areas where South Africa increased production during the month.
The negative trend in diamond production is not expected to turn in the near term. Most mining companies closed their operations for an extended holiday period in December in response to the drop in demand for rough diamonds resulting  from the global recession. Some have closed their mines for as long as two months, and many, including the country's largest producer, De Beers, have committed to curtail production below full production levels until the market picks up again.
South Africa is ranked as the world’s fourth-largest producer of diamonds by value, behind Botswana, Russia and Canada. According to Kimberley Process statistics, production rose 4 percent to $1.42 billion in 2007, or, in terms of volume, by 2 percent to 15.2 million carats.