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

Another delay on Forsys-George Forrest deal as Industry Canada adds voice

24 august 2009

Industry Canada says George Forrest International (GFI) will have to stop its acquisition plans for Forsys Metals, which owns the Valencia uranium project in Namibia, pending further notice.
Sources said since the transaction was more than the CAD312-million (USD1=CAD1.08) threshold under the Investment Canada Act, Industry Canada wanted to know the source of the finance it is arranging for the acquisition.
“GFI has provided Forsys with a copy today (19 August) of an unsolicited letter GFI received last night from Industry Canada. The notification states that GFI is prohibited from implementing the investment pending further notice from Industry Canada,” Forsys said in a statement.
"All they [GFI] have to do is answer some very simple and basic questions and we are good to go," Forsys communications officer Bruce Hall was quoted by media as saying.
GFI and Forsys announced the takeover last November and the CAD7 a share deal was set to close last March, however, GFI later asked for more time to arrange the funds needed.
The two companies had earlier this month noted that GFI had signed "definitive and binding" documentation on terms that would allow the acquisition to move ahead, and that the funds would be "unconditionally available" within 14 days.
However, Forsys issued a statement noting that GFI was still “attending to issues relating to the transfer of funds" and had, once again, asked for some more time.
The Valencia uranium project is expected to produce approximately three-million pounds of uranium a year, and the Namibian government granted Forsys a 25-year mining licence last year for the operation.

Veronica Novoselova, Rough&Polished African Bureau editor in Namibia