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

De Beers Halts Diamond Exploration Project in Congo

03 april 2009

De Beers, the world’s largest diamond producer, halted exploration in Democratic Republic of Congo as the declining value in gems made the project unviable, Bloomberg reported.
“The DRC remains highly prospective, but we cannot ignore the current global economic crisis,” Marie-Chantal Kaninda, De Beers’s head of administration in Congo, said in a statement e- mailed today from the capital, Kinshasa. “When economic conditions improve, De Beers will assess new opportunities for accessing prospective ground holdings in this country.”
De Beers said in February it suspended mining at a Botswana venture responsible for a fifth of global diamond supply and would borrow $500 million from shareholders. Jewelry sales are plunging as the global economic slowdown forces even the wealthiest consumers to curb spending on luxury goods.
Anglo American Plc owns 45 percent of De Beers. The Oppenheimer family owns 40 percent and Botswana the rest.
De Beers found 14 kimberlites since starting exploration in Congo’s central Western Kasai province in 2005, it said in the statement. Kimberlites are diamond-bearing rock formations. The company handed its camp in Bena Luabeya, near the diamond center of Mbuji Mayi, to the local population, it said.
Congo has run out of funds after the country’s extractive industries lost value, the International Monetary Fund’s Africa Director Brian Ames said March 31. Some of the country’s copper and cobalt mines and smelters have been shut after metal prices fell.