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...

Yesterday

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

DiamonEx dispose 80 pc in Botswana’s Lerala Mine

08 october 2009

Troubled DiamonEx has entered into an agreement with Fleming Asset Management Botswana (FAMB) to sell 80 percent of its subsidiary in the country to offset its liabilities accrued in financing Lerala diamond mine.
“The company has subsequently entered into a conditional agreement with FAMB whereby the bondholders will convert their bonds to equity in DiamonEx,” it said in a statement.
DiamonEx financed the development of its Lerala mine primarily through convertible bonds and a loan from the European Investment Bank.
In a bid to restructure its debt, the firm was forced to place the mine on care and maintenance in 2008 just after moving into production as prices for rough diamonds took a nose-dive.
DiamonEx said FAMB will assume all of the obligation and liabilities under the terms of the AUD10 million (USD1=AUD1.44)  in convertible bonds.
A further AUD6.5 million would be invested into DiamonEx Botswana to provide working capital for the mine.
"On successful completion of the transaction, DiamonEx will manage its 20 percent investment in DBL, continue exploration and evaluation of remaining tenements and will restructure the company to pursue other exploration and development opportunities," it said.

Mathew Nyaungwa, Rough&Polished from Namibia