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

Namdeb gets permission to delay royalties payment till November

25 august 2009

Namdeb, the Namibian mining company jointly owned by the government of Namibia and De Beers, has received permission from Namibia's ministry of mines and energy to defer the payment of royalties to November.
The move is designed to allow Namdeb recover from the effects of the global slump in diamond sales.
Speaking to The Southern Times, Namibia’s minister of mines and energy, Erkki Nghimtina, said that government would defer Namdeb's royalty payment by three months after which the diamond miner's financial performance would be assessed.
"We have not granted them a complete waiver, what we decided on is deferment of royalty payment, they can't pay now so we have given them three months and if their situation is not improving, maybe we might extend by another three months," the minister said.
Namdeb royalty payment for 2009 is expected to be about 125 million rand ($16.1 million).