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

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

Gem Diamonds Letseng Prices -52% in 1Q

20 may 2009

Sales from the Letseng mine in Lesotho fell 2 percent in the first quarter of 2009, despite a rise in production, reflecting depressed prices for rough diamonds. Gem Diamonds reported Tuesday that sales from Letseng, considered the world’s richest diamond mine by value per carat, declined to $22.6 million in the three months that ended March 31, 2009. Average prices dropped 52 percent to $1,017 per carat. Production at the mine rose 16 percent to 21,790 carats during the period, RAPAPORT reported.
“The last quarter of 2008 saw substantial falls in rough and polished diamond prices throughout the diamond industry. That weakness continued into early 2009,” Gem Diamonds explained. “From March 2009 onwards, rough diamond prices have begun to improve, especially for better qualities and larger sizes.”
The company added that after its April tender it noticed “a rising trend on a price-point-by-price-point basis.” Average prices from Letseng for the current year through May stand at more than $1,100 per carat, the company reported. First-quarter highlights from Letseng included a 41.24-carat, D color, type IIA diamond, which sold for 1,256,582.80, or $30,470 per carat, and a 62.23-carat, D color, type IIA stone, which sold for 29,166 per carat.
Sales at Gem Diamonds’ Ellendale mine in Australia fell 43 percent to $16.1 million as average prices declined 53 percent to $102 per carat. Ellendale production dropped 55 percent to 44,592 carats.
Gem Diamonds kept only its Ellendale E9 pipe and the Letseng mine operating during the economic downturn. The company placed its Ellendale E4 processing facility on care and maintenance along with its operations in Indonesia, the Democratic Republic of the Congo (DRC), the Central African Republic (CAR), Botswana and Angola.