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

De Beers, Mountain Province Sign New Gahcho Kue JV Agreement

07 july 2009

De Beers and Mountain Province Diamonds Inc. signed an amended and joint venture agreement that replaces their Gahcho Kue diamond project agreement from 2002, the sides announced Monday, IDEX Online reported.
According to the new agreement, De Beers will continue to hold a 51 percent and Mountain Province 49 percent of the Northwest Territories project, with Mountain Province's share no longer subject to the dilution provisions in the 2002 agreement.
Each will market their own proportionate share of diamond production, contribute a proportionate share to the future project development costs, and material strategic and operating decisions will be made by consensus as long as each has at least a 40 percent interest in the project.
The two have agreed that the sunk historic costs until December 31, 2008 will be reduced and limited to C$120 million (US$103.5 million). Mountain Province will also repay De Beers C$59M (US$50.87 million), representing 49 percent of C$120 million.
The two firms agreed to conduct a feasibility study on the Gahcho Kue diamond project to be commissioned as soon as possible, which Mountain Province will pay the full cost.
"Conclusion of the 2009 Agreement represents a key milestone in the development of the Gahcho Kue project," said Mountain Province President and CEO, Patrick Evans.
"Mountain Province and De Beers are jointly committed to advancing the development of the Gahcho Kue project as expeditiously as possible. The 2009 Agreement provides a solid foundation for our renewed joint venture," he added.
In parallel with the planned feasibility study, the joint venture is continuing to develop an Environmental Impact Statement for the Mackenzie Valley Environmental Impact Review Board, a necessary step for getting a mining permit.