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

Diamond junior Kimberley sells shares to raise working capital

29 april 2009

JSE-listed diamond junior Kimberley Consolidated Mining (KCM) has sold over 34 million ordinary shares at 18 percent premium to raise working capital set at ZAR4,2-million in cash.
The reduction in demand for rough diamonds, coupled with the volatility and drop-off in purchase prices offered for rough diamonds had seriously affected the firm’s cash position.
Diamond prices fell 7 percent in the first quarter after slumping 9 percent in 2008, according to index, as recession weighed on demand for luxury goods in crucial markets like the United States and Europe.
The number of shares sold equated to 7, 71 percent of the company’s issued share capital, it said.
KCM however did not mention its negotiations with the China National Geological & Mining Company, which followed a downscaling of its mining and prospecting operations at Bo-Karoo, along with the disposal of some equipment to improve its cash flow position.

Mathew Nyaungwa, Rough&Polished from Namibia