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

Koidu sees 45,000 cts a month in July

11 march 2012

Sierra Leonean diamond miner Koidu Holdings is targeting an output of 45,000 carats in July this year from the current 10,000 carats a month.
The company, which is owned by BSG Resources through its Octea diamond unit, said it had secured a $200-million expansion facility from Standard Chartered Bank and the jeweler Tiffany& Co.
Koidu chief executive Jan Joubert was quoted by Reuters as saying that of the $200-million expansion plan, Standard Chartered Bank had provided $135 million in funding, while Tiffany&Co, which buys around 60 percent of Koidu's output had contributed $50 million.
The miner said it was also targeting an output of 35,000 carats in May before it hit 45,000 carats two months later.
Meanwhile, Koidu said that it was studying a possible IPO to raise funds for the development of the separate Tongo diamond concession south of the Koidu project.
"There is significant benefit in having access to capital markets ... Discussions are taking place," Joubert said.
"The assets that we have are in our opinion high value. The two kimberlite pipes and the dykes that you see in Koidu produce some of the world's highest quality diamonds."
The company acquired a concession at Tongo in 2004, and had spent $15 million exploring kimberlite formations there.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished