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

De Beers Rough Production -40% in 3Q

26 october 2009

Anglo American reported that its interim third-quarter rough diamond production for De Beers fell 40 percent to 7.9 million carats, RAPAPORT reported. For the year to date, the miner, which holds a 45 percent stake in De Beers, saw its production level fall by 61 percent to approximately 14.5 million carats. 
Anglo American's third-quarter rough production was its strongest since the fourth quarter of 2008. First-quarter production barely topped 1 million carats, followed by 5.5 million carats during its second quarter. Anglo's platinum-refined production increased 16 percent to 629,000 ounces during the third quarter, but remained on track to achieve full-year production of 2.4 million ounces. Results for the full year will be announced on February 19, 2010, according to the interim statement.
Anglo's production was directly impacted by De Beers reductions at all of its mines in early 2009, which were enacted through a combination of production holidays and shift reductions, but production has slowly been ramped back up since mid-year and De Beers remains on target to end the year with only a 50 percent reduction in rough, compared with 2008.