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

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Bonaparte Suspends Diamond Projects

06 march 2009

Bonaparte Diamond Mines has suspended its diamond mining and exploration activities in South Africa, turning its focus to its phosphate project, RAPAPORT reported. “The decision is based on the current severe global economic downturn, the significant drop in rough diamond prices over the past three months, and lower than expected production at the Savanna Mine,” the company explained in a note to the Australian Securities Exchange (ASX).
Bonaparte spokespersons said that it has put operations at its Savanna Mine on care and maintenance, and suspended funding for the Vaalbos Alluvial Diamond project “in the absence of any significant progress by the joint venture partners to secure the prospecting license for the property.” The company added that it will review its position in event of any significant adjustment in market conditions. Bonaparte will now focus on the development of its joint-venture marine phosphate project in Namibia, for which the company serves as the exploration manager.
Separately, Bonaparte reported that it had recieved a takeover bid from Australia-based Minemakers Limited, offering one Minemakers share for every 10 shares in Bonaparte. There are three individuals who serve as directors on the boards of both Minemakers and Bonaparte. These directors own a combined 11.7 percent in Bonaparte, and have indicated their intention to accept the offer. A separate committee of independent Bonaparte directors will be established to provide recommendations about the offer. Bonaparte stressed that shareholders should take no action at this stage, advising them to ignore all communications from Minemakers and await its further advice.
Bonaparte revenues fell 8 percent to $1.2 million in the fiscal half year ending December 31, 2008, the company recently reported. It posted a net loss of $1.5 million, up from a loss of $3.1 million in the same period a year earlier.