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

Trans Hex expects FY loss to broaden

20 may 2009

South African diamond producer Trans Hex says it expects to record a loss of ZAR798-million (USD1=ZAR8.41) after accounting for pretax impairments of ZAR569-million in the financial year ended March 31.
Trans Hex, currently finalising its results, which should be released on May 26, said that the ZAR569-million included an impairment of the group’s Angolan investments of ZAR460-million.
The company said it would likely report a loss per share for continuing operations of 690.3 cents compared with the 2008 loss of 1.4 cents and headline loss per share of 585.1 cents compared with headline earnings of 8.6 cents in 2008.
Adjusted headline loss a share after accounting for the full impact of the impairments was expected to be 248,4c, compared with the 2008 adjusted headline earnings of 8,6c.
Trans Hex said that diamond prices had dropped significantly between November and February, and the demand for rough diamonds fell to record low, owing to the adverse effect on the diamond market of the global economic crisis.
Company overhead costs had been significantly cut and noncash generative assets had been placed under care-and-maintenance.
These include the PK Plant in South Africa, Shallow water operations, as well as Fucauma and Luarica operations in Angola.

Mathew Nyaungwa, Rough&Polished from Namibia