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...

Yesterday

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

Logistical problems hit output at Pangea DiamondFields Angola operation

25 december 2009

Pangea DiamondFields has reduced its expectations for output at the Cassanguidi diamond project in Angola, citing logistical and equipment problems at the operation, Antwerpfacetsonline reported.
The company said production has been impacted this month by logistical issues and breakdowns at the project's main excavators.
Although the problems are being dealt with, they are likely to impede output next month before the next diamond sale in late January.
The firm has recently finished an upgrade to the processing facilities at Cassanguidi, and will begin increasing output to the revised target of 6,000 carats per month in the New Year.
The firm has previously said it expected output of around 8 000 carats per month. The increase in production will start when seasonal rains end in the New Year, Pangea said.
The firm will move extra earthmoving equipment from its South African operations to Cassanguidi early next year as weather improves, strengthening the fleet currently at the site.
Pangea underlined the fact that its ability to remain as a going concern depends on the Cassanguidi project scaling up “without delay” and its ability to secure extra funding if the project is affected by delays.
“Cassanguidi target production at current prices will put the company in a cash positive position,” said chief executive Boris Kamstra. “At that point, we intend to assess our portfolio of projects against an expected improvement in rough diamond prices and revise our strategy accordingly, including a review of the financing options required to achieve the company's strategic plans. This process will begin early in 2010."