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

Botswana will struggle to raise cash for its share of De Beers rights

08 december 2009

Botswana is compelled to honour its agreement re its holdings in top diamond miner De Beers to take up rights that will cost it some $150 million despite being short of actual cash, MineWeb reported.
Botswana is "compelled to honour" an agreement to support a rights issue by diamond producer De Beers, a minister said, though how the cash-strapped southern African nation will fund its share of the offering is unclear.
The world's largest diamond producer, 45 percent owned by Anglo American, wants to reduce its $4 billion debt pile by raising up to $1 billion of new equity. Botswana's share would cost it around $150 million.
"As a country dependent on diamonds we are bound to be compelled to honour the agreement that has been made in principle," Minerals, Energy and Water Resources Minister, Ponatshego Kedikilwe said.
But it is not clear how Botswana, where diamond exports plummeted to the point where the country had to seek a bailout from African Development Bank, will finance its part of the issue.
"We are in discussion with all our partners on how we can keep the company afloat," he said, given the firm's importance for projects the country is embarking on.