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

De Beers Hires Price Waterhouse Coopers to Help Negotiate Bank Loans

31 august 2009

De Beers has hired accounting firm Price Waterhouse Coopers (PWC) to help negotiate a $1.5 billion loan due in March, RAPAPORT reported citing the Times Online. The loan is tied to a consortium of more than 20 banks led by the Royal Bank of Scotland and Lloyds. PWC has prepared a report on De Beers financial outlook for the banks, the Times report stated.
The diamond giant is reportedly in parallel discussions with the banks regarding an additional $1.7 billion loan that is due by 2012. De Beers has an additional $734 million in shareholder loans and $107 million preference shares outstanding, bringing its total debt to just above $4 billion at the time of reporting its interim results for the six months ended June 30, 2009.
The company said at the time that it expects to conclude negotiations to refinance its $1.5 billion loan by the end of the year.