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

DiamondCorp assess ways to escape the market downturn

02 october 2009

DiamondCorp is assessing a number of finance proposals ranging from debt and convertible debt to equity, in a bid to meet its future financial commitments, chief executive Paul Loudon has said.
Weak diamond market had forced the mid-tier gem producer to stop tailings retreatment operations at its Lace mine, in South Africa, which negatively impacted on its cash flow.
“Bulk testing of the upper levels of the Lace kimberlite demonstrated the Company must finance development of the decline and vertical shaft to the -330m level before positive cashflow will resume,” he said.
This meant that the diamond-miner would have to raise finance to ensure the ongoing development of the underground mine.
Loudon said that DiamondCorp would not have the funds to meet an interest payment, which was due on October 14, unless one of the proposals was accepted and final agreements signed.
Meanwhile, the diamond producer said it had narrowed its net loss to GBP974 476 (USD1=GBP0.62) in the six months ended June 30, 2009, compared with a net loss of GBP1,3-million the year before.

Mathew Nyaungwa, Rough&Polished from Namibia