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

TanzaniteOne First-Half Sales, Profits Drop

25 september 2009

TanzaniteOne reported an interim first half loss of $580,000, which was a sharp decline from profits of $3.5 million for the first half of 2008, RAPAPORT reported. Revenue fell 77 percent to $4.9 million. The number of carats recovered fell 21 percent and the cash cost per carat rose to $3.99 from $3.38. The mining company noted that its second sight of the year was delayed and held in July, which further eroded first half revenue. The sale achieved $2.01 million and will be included in second half results.
Zane Swanepoel, managing director of TanzaniteOne, said that results were  encouraging given the "very difficult conditions" at the end of 2008. TanzaniteOne is experiencing a significant upswing in prices for tanzanite. "In addition to selling stones mined during the period we are gradually releasing the stockpile of high value stones which we chose to build up at the worst period for the tanzanite market. Increases in price at our traditional sight sales have also been augmented by a number of new sales strategies with $2.23 million in revenue being achieved through new sales channels such as our own retail outlets in Tanzania and through direct sales to jewellers," he said. TanzaniteOne expects to exceed production targets for the full year at 1.7 million carats. TanzaniteOne will hold two more sights this year.
TanzaniteOne also announced a new marketing and sales strategy, beginning with a joint venture agreement to create TanzaniteOne CuttingEdge. The venture will focus upon precision cutting and visual optimization of lighter colored tanzanites. TanzaniteOne CuttingEdge will cut calibrated stones on order, thereby eliminating the risk of having large quantities of unsold stock. These stones will be sold through existing retail connections most of which are located in Europe and Asia.
Bernard Olivier, executive director of TanzaniteOne, said of the venture that the aim was to increase the value of the lighter pastel colored and slightly included tanzanite. "This initiative will complement and enhance TanzaniteOne's present sales strategy, which is centered on the sale of rough tanzanite via the sightholder system." Olivier introduced  Gavin Pearce and Edward Eramanis as new members of the  board for TanzaniteOne CuttingEdge. Pearce was a sales executive for Argyle Diamonds and became marketing and sales director for the joint venture.  Eramanis is the chief executive of Charles Edward Jewellers of Perth, Australia.
TanzaniteOne CuttingEdge has signed  two agreements with cutting and distribution houses. GRAFGEM will aim to develop an exclusive marketing and sales agreement for using  highest quality tanzanite in the watch and jewelry industry. Alankara SKR  will develop a high-tolerance cutting and polishing co-op.