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

BHP and Rio are eyeing more tie-ups after Pilbara

07 september 2009

The Australian stated that BHP has dispatched employees to Canada to investigate how the two companies could merge their diamond mines, which sit alongside each other.
"I can see no reason why they wouldn't look at it," one analyst said. "From a company perspective it is not a big deal and it is sensible and logistical."
The mines, both northeast of Yellowknife - capital of Canada's Northwest Territories - are not the focus for either miner, with BHP's Ekati operation recording an annual EBIT of $US59 million ($67m) in its recent earnings and Rio's Diavik recording a first-half loss of $US56m.
During BHP's failed $135bn bid for its rival last year, while diamonds were not one of the top three synergies flagged, they were highlighted as obvious divisions to merge.
Pengana Capital fund manager Tim Schroeders said while there was nowhere near the synergy benefits in a potential merger of the diamond operations being looked at in comparison to the Pilbara mines, it did make a lot of sense given the remote location of the mines. He said there was potential for sharing of infrastructure and staff and the possibility of a marketing joint venture.
"Conceptually there is strong grounds for it at least to be investigated. Whether things can progress adequately for both sides to buy into tying those operations on a longer-term basis remains to be seen," he said.
The two majors were bitter rivals during BHP's attempted $135bn takeover of Rio but have since teamed up to develop the $US116bn iron ore joint venture in the Pilbara, leading analysts to tip that further friendly merger talks could be forthcoming.
BHP and Rio both declined to confirm if they were in talks about a potential diamond merger and both reiterated that they were focused on finalising the iron ore joint venture. But Rio has previously flagged that it is not beyond the realms of possibility that other synergies between the two majors could be explored.

Interfax