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 Agrees to 9% Pay Increase in S. Africa

20 july 2009

De Beers agreed to pay its South Africa workers, represented by the country's largest trade union, a 9 percent wage increase, RAPAPORT reported. National Union of Mineworkers (NUM) members at De Beers Consolidated Mines Ltd. (DBCM) and the Diamond Trading Company (DTC) will see their minimum monthly wage increase to $617 (ZAR 5,000), while miners in a higher category will receive a minimum of $1,146 (ZAR 9,277) a month, De Beers said.
"This is a good settlement, and when the ship [De Beers] is safe we will do even better,"  Peter Bailey, NUM negotiator, said in a statement. The pay agreement was signed in Johannesburg on Thursday. De Beers said that formal negotiations began this week, with both sides sharing information on the affect of the global credit crunch on De Beers and how the company and employees were responding.
De Beers had previously said it wouldn't increase pay or hand out bonuses in 2009 as part of its efforts to cut capital and operating costs in response to a fall in demand for diamonds. "The decision to reconsider our earlier response was motivated by the overwhelming positive response by employees who demonstrated commitment throughout difficult times," said David Noko, managing director of DBCM. NUM had previously been looking for a 15 percent wage increase, a ZAR 5,000-a-month minimum wage and medical aid contributions, among other demands.