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

Petra Diamonds says large diamond could be sold for $31 million

01 december 2009

Diamond miner Petra Diamonds may receive $31 million from the sale of the chicken-egg-sized diamond it discovered at its Cullinan mine in September, according to a financial analyst at BMO Capital Markets, Antwerpfacetsonline reported.
The 507.6-carat stone, the size of a medium chicken egg may be among the 20 largest “high quality” rough diamonds ever discovered, Petra said in September.
Petra CEO Johan Dippenaar said at the time that media reports of a $20 million price tag for the diamond were only a guide and that it would likely sell for considerably more.
Petra, which said last week that it sold a 168-carat gem found at its Cullinan mine in South Africa for $6.28 million, or $37.380 a carat, may get 50 percent more per carat for the larger stone, BMO analyst Edward Sterck wrote in a research note cited by Bloomberg News.
Meanwhile, Petra Diamonds spokesman Bobby Morse said it was still too early to say how much the diamond was worth, and the firm has still not decided how it will sell the diamond.
The company sold two other white diamonds discovered at its Cullinan mine and each weighing more than 50 carats for a total of $2.8 million this month.
The world’s biggest certified diamond is the 3,106-carat Cullinan, found at the mine in 1905. It was cut to form the Great Star of Africa and the Lesser Star of Africa, set in the Crown Jewels of Britain.