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

Botswana Diamond Industry Loses 4,500 Jobs

02 march 2009

Botswana, the world's largest diamond producer by value, has lost 4,500 jobs in the industry so far this year as global demand for diamonds plummets, the government's labor agency said Friday, Agence France-Press (AFP) reported.
A total of 4,528 jobs have been lost, according to the agency's data, about half of them at the Debswana diamond company, PolishedPrices.com reported.
The company, which last week announced the closure of diamond two mines, has laid off a total of 1,000 staff and another 1,000 contract workers, Debswana's managing director Blackie Marole told a press conference today.
Debswana last year produced 32.3 million carats of diamonds, but will reduce production by 35% this year, he said.
The rest of the jobs were lost at two dozen smaller companies involved in diamond exploration, cutting, and other parts of the industry, the labor data showed.
Economist Keith Jefferies, a former Bank of Botswana deputy governor, said he feared further losses.
"Obviously for a small population of 1.8 million, 4,000 job losses is quite a lot," said Jefferies, who is heading a government team tasked with finding ways of mitigating the fallout from the global slowdown.
"Very soon companies in the Debswana diamond mines supply chain will lose business, and we could see more job losses in Botswana in the next few months," he told AFP.