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’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Rockwell Posts $4M Loss in 1Q, Sales -45%

17 july 2009

Rockwell Diamonds increased its net loss during the first fiscal quarter that ended May 31, 2009, as lower sales and higher operating costs took their toll on the business, RAPAPORT reported. The diamond mining junior on Thursday reported a net loss of $3.7 million (CAD 4.1 million) for the period, compared with a loss of $714,409 (CAD 801,353) a year earlier. Rough diamond sales fell 45 percent to $3.5 million (CAD 3.9 million), while cost of sales rose 5 percent to $4.3 million (CAD 4.9 million).
“The loss was due to the continued weakness in the diamond market that commenced in the fourth quarter of fiscal 2009, along with the ongoing global credit crisis, which caused a total collapse in the demand and prices of diamonds,” company spokespersons explained. Nevertheless, Rockwell noted that average prices achieved during the quarter increased 75 percent to $555 per carat compared with the previous quarter. The company reported a steady increase in rough prices at its recent monthly tenders, from $531 per carat in March to $585 in May, $700 in June and $835 in July.
Rockwell operates four alluvial diamond mines in South Africa — Holpan , Klipdam, Wouterspan and Saxendrift. Total production reached 4,021.74 carats during the three months.