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...

Yesterday

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

Gemfields scales down mining at Zambia’s Kagem Emerald Mine

01 april 2009

Coloured gemstone miner Gemfields says despite encouraging increase in overall grade, quality and quantities of their emerald production, it was forced to reduce the scale of mining at its Kagem emerald mine, in Zambia as a result of the global economic recession.
“With the current economic climate and deteriorating markets for diamonds and other gemstones in mind, Gemfields has reduced the scale of mining at the Kagem emerald mine,” company chairperson Graham Mascall said.
“In addition, and until the prospects for a recovery in the gemstone market become clearer, Gemfields has chosen to minimise all non-essential capital, project development and exploration expenditure.”
During the six month period ended December 2008, Kagem achieved significant mining operation improvements as it produced 14.7 million gemstone carats (comprising emerald and beryl), a significant increase over comparable periods for the previous two years, and an average of 2.4 million carats per month.
For the same period in 2007, its production totalled 3.7 million carats.
During the six months under review, Gemfields reported a loss of USD186.5-million and projected a further downturn.
“Gemfields’ performance has been and will thus likely continue to be significantly lower than projected at the time of readmission to AIM in June 2008, and will result in an operating loss for the financial year ending 30 June 2009,” he said.

Mathew Nyaungwa, Rough&Polished from Zambia