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”

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

Diavik Diamond Mines Plans for Two Temporary Production Shutdowns

31 march 2009

Diavik Diamond Mines plans a series of actions to "preserve the strength of its operations" during the current rough diamond market conditions, according to a statement released by Harry Winston Diamond Corporation. Actions at the Diavik property include two production shutdowns, further deferral of the start of the underground mine production, and acceleration of the planned transition to a smaller workforce, RAPAPORT reported. Harry Winston announced the measures after closing bell today.
Summer and winter production shutdowns will each continue six weeks, during which time diamond production will temporarily cease and the mine will be placed on a care and maintenance schedule, the company confirmed. The summer shutdown is scheduled for July 14 to August 24, 2009. The winter shutdown is scheduled for December 1 to January 11, 2010, inclusive. The underground mine will be placed on care and maintenance by the third quarter of 2009, once the majority of its construction is complete and Diavik will also be accelerating the process of employee reductions as the project transitions from a construction phase to being a fully operational underground mine.
Harry Winston concldued that Diavik's long term future is in underground mining, which both Harry Winston and Rio Tinto have planned for with significant investment. The partners "remain committed to construction to prepare Diavik for the long-term."