Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...


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

Portugal to sell Angola diamond firm stake: report

05 august 2009

The Portuguese government is seeking to sell a 49 percent stake in Angolan diamond miner Sociedade Mineira de Lucapa, Publico newspaper said on Tuesday citing a senior official.
Angola is one of the world's top five diamond producers.
The stake is held by the Portuguese Entrepreneurship Society (SPE), which is 81 percent owned by the Portuguese government. Angola's state company Endiama controls the Lucapa mine via its 51 percent holding, Reuters reported.
"It doesn't make sense keeping this stake in strategic terms. We are selling, regardless of the results," Publico quoted Portugal's Treasury and Finance Secretary Carlos Pina as saying.
Diamond firms in Angola are struggling to recover from a 75 percent drop in gem prices last year caused by the global economic downturn. The price slump prompted BHP Billiton, the world's biggest miner, to abandon its exploration projects in Angola.
Publico said SPE has been loss-making for the past two years, both in net and operating terms. Last year's net loss was 1.4 million euros and operating loss totalled 1 million euros.
Endiama said last month it expects to produce between 7 and 9 million carats of diamonds in 2009, compared with 8.9 million in 2008.