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

Mozambique to set up precious stone body in bid to secure higher export prices

11 november 2009

The south-east African state of Mozambique is to establish a training center to evaluate, classify and certify its precious stones to prevent the continued exports of rough gems at what it sees as low prices. Mozambique is one of the world’s largest suppliers of rough precious stones, particularly emeralds, rubies, sapphires and topaz, Antwerpfacetsonline reported.
However, because the country does not have a polishing industry, skilled polishing workers and a price regulating body, the state is losing money since gems are being exported at cheap prices, according to government spokesman, Luis Covane, who also serves as deputy education minister, in comments cited by Macauhub.
Some 98 percent of exported rough gems are sold at prices that are significantly below world market levels, Covane said.
This has put Mozambique in “extremely unfavorable conditions” in relation to the marketing of precious stones, especially from central and northern regions of the country.