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...

Yesterday

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

Court dismiss EIB’s bid to have judiciary order on DiamonEx annulled

17 august 2009

A Botswana High Court judge has dismissed with costs an application by the European Investment Bank seeking annulment of an order that placed DiamonEx Botswana Limited (DBL) under judicial management earlier this year, Mmegi reports.
The impact of the global financial crisis on world diamond markets had rendered the production of diamonds by Diamonex Botswana uneconomic and the judicial management order that provided DBL with a period of immunity from claims from its creditors was confirmed last March.
Lerala Mine, which is operated by DiamonEx, ceased operating a few months ago after failing to repay a loan of BWP10 million (USD1=BWP7.02) it acquired from the European bank resulted in the loss of 285 jobs.
The paper reported that the court had noted that there was need for the judicial manager to be given time to implement a recovery plan for the troubled company if the interests of its creditors were to be served.
"The immediate life of the judicial management order is 12 months,” court judge Singh Walia said. "This period is sufficiently long for (the judicial manager John) Stevens to assess the viability of the current initiatives."
He was quoted as saying that while no one could predict the future, what European bank sought to do was to cause the judicial manager to throw away the recovery plan before it had even seen the light of the day.

Mathew Nyaungwa, Rough&Polished from Namibia