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

Increased tanzanite sales boost Richland 2011 revenue

21 march 2012

Richland Resources, formerly TanzaniteOne, has recorded a 24 percent jump in 2011 revenues due to increased sales of tanzanite.
The London-listed miner, which holds the licence to the largest of four tanzanite mining blocks in Tanzania, posted revenue of $20.8 million last year, up from $15.8 million in 2010.
Fourth-quarter revenues also leaped 67 percent to $5.7 million, despite global tanzanite prices remaining under pressure, the company said.
Richland said it produced 2.38 million carats of tanzanite last year with an average grade of 58 carats per tonne compared to 2.2 million carats a year earlier.
It also said that production for the year 2012 would rise by 5 percent. "The company has set an internal production target of 2.5 million carats for 2012 and currently anticipates revenues to be in line or surpassing those achieved in 2011," it said in a statement.
Richland said there were good prospects for the company to expand into another gemstone, tsavorite.
It said China was the next big market for the coloured gemstone after the United States, as the market for the gemstone slowly rebounds from the global financial crisis.

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