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...

Today

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

Botswana urged to review trade agreements with De Beers

27 april 2009

The Botswana Insurance Fund Management says the Botswana government should re-consider its trading agreements with De Beers and increase its stake in the mining giant if it continues to bail out its operations in view of the current global economic downturn that has serious affected the diamond market.
“The turmoil in the diamond market inevitably raises questions regarding Botswana’s relationship with De Beers and whether it needs to be changed. Both De Beers and Debswana are in a weak financial position, and if government is being requested to provide financing, then it should be considering what it requires in return; for instance, should the government be considering increasing its stake?,” BIFM Investment Committee chairman, Keith Jefferis questioned.
"Furthermore, it is reported that government has been requested to contribute around P600 million (USD1=BWP7.4) as a shareholders' loan to De Beers in which it has a 15-percent shareholding - raising the question of whether it would have made more sense to provide this money to Debswana to enable the mines to remain open." 
Jefferies said the future of Botswana’s economy, which highly depends on diamonds, was bleak.
He said the performance of the country’s diamond industry would be 67 percent lower, attributing the decline to the global economic downturn.  
 “The ability of diamond producers, such as Botswana, to sell and export rough diamonds depends on both the level of retail demand and the resumption of credit availability. Growth in retail demand is likely to be slow given the very low level of consumer confidence in the major industrialized economies, and the likelihood that increased consumption of luxury goods will only come quite late in the recovery cycle, after housing and motor vehicle start to pick up,” he said.
He said that if the trading of all diamonds produced by Debswana, which collapse by 2010, is continued to be sold through the Diamond Trading Company, then Botswana would lose a chance to realise its dream of becoming a diamond trading centre.

Mathew Nyaungwa, Rough&Polished from Namibia