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

Zimbabwean Gold Mines Reopen on New Direct Selling Rules

21 april 2009

Gold producers are re-starting shut mines in Zimbabwe after new rules allowed them to sell gold directly on world markets, but uncertainty is likely to block big new mine investments for years.
The rush to re-open mines comes at a time when Zimbabwe's unity government of President Robert Mugabe and Morgan Tsvangirai is seeking to repair a tattered economy, but investors are holding out for major reforms.
The global credit crunch has also dried up cash for investment, and even once this hurdle is crossed, Zimbabwe is unlikely to see new cash flowing its way immediately.
"It's going to take a long time to build people's confidence to invest in the country," said analyst Cailey Barker at RBC Capital Markets in London.
"In terms of a big rush into the country, I think there are far better opportunities in other countries that people are not even doing because of the rest of the problems with debt and capital markets."
A key stumbling block to mining investment in Zimbabwe – which has the world's second-biggest platinum reserves and hefty deposits of diamonds, coal and nickel – is a law limiting foreign ownership of mines to 49 percent.