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

Diamond Mining Giant Rio Tinto Launches Rights Issue

18 june 2009

Anglo-Australian diamond mining giant Rio Tinto has begun the process of offering a $15.2 billion rights issue, aimed at reducing the company's debt, and to strengthen its financial position, Israelidiamond.co.il reported citing Mining Weekly.  
The mining giant, that mines commodities such as diamonds, iron ore and aluminum, announced earlier this month it was terminating a $19.5 billion investment agreement with Aluminum Corporation of China (Chinalco).
Rio Tinto chairman Jan du Plessis said in a letter to shareholders that the step is intended to “take advantage of future potential value-creating opportunities”. The company also said that the outlook for the balance of this year remained “uncertain”.
“The key driver of earnings in the second half of the year is expected to remain the pricing of the group’s key commodities, particularly iron ore, aluminium and copper," Du Plessis said in the letter.
Net profit for Rio Tinto fell 45% on year to $1.6 billion with a big hit from its aluminum and copper divisions, while the company's iron ore mining had posted profits of 8% on year to just under US$990 million. The company's overall sales dropped nearly 30 per cent to US$9.5 billion.