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 purchases outstanding convertible bonds

02 june 2009

Gem Diamonds says it has purchased all of its outstanding variable rate convertible bonds that had an aggregate principal amount of USD16 million outstanding as at 22nd May 2009 for which the diamond miner paid USD 15.76 million plus accrued interest of over USD 143 000.
“The immediate purchase of these Bonds, which were originally due to mature on the 2nd October 2009 will save the company interest payments and 1.5 percent of the outstanding aggregate principal amount,” it said in a statement.
“In accordance with their terms and conditions, Gem Diamonds shall immediately procure that the bonds are cancelled.”
Other than for ongoing working capital requirements, Gem Diamonds said it had no other outstanding debt obligations.
Gem Diamonds announced last month that it had gross cash of USD 123 million (prior to the purchase of the bonds).
Gem Diamonds sold 45 polished diamonds weighing 180.91 polished carats for USD10 million in January 2009 from rough diamonds extracted and polished from its Letšeng production in 2008 as part of the beneficiation trials.
However, due to market conditions prevailing at the end of 2008 and in early 2009, the roll-out of these facilities was delayed.

Mathew Nyaungwa, Rough&Polished from Namibia