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...


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

Gem Diamonds recovers over 23k ct at Letšeng during Q3 ‘09

20 october 2009

Gem Diamonds said it recovered over 23 000 carats of rough diamonds from Letšeng Mine in Lesotho, bringing production to 70 921 carats for the nine months ended 30 Sept 2009.
It also sold 18 640 carats in two tenders at an average price of USD1 710 per carat, bringing total sales for the first nine months of 2009 to 75 305 carats.
These were sold at an average of USD1 408 per carat.
“In the nine months ended 30 September 2009, Letšeng recovered over 540 individual rough diamonds larger than 10.8 carats (totaling in excess of 11 800 carats), which represented 79 percent of the sales revenue from Letšeng,” it said.
The firm also noted that mining costs at Letšeng and Ellendale in Australia continued to be impacted negatively by the weakening of the US dollar against the South African rand (which is linked to Lesotho loti) and the Australian dollar.
Meanwhile, Gem Diamonds chief executive Clifford Elphick said the company had resumed its diamond beneficiation operation.

Mathew Nyaungwa, Rough&Polished from Namibia