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

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

Zim’s Marange diamonds can be a ‘game changer’ – ZMDC

22 march 2012

Zimbabwe Mining Development Corporation (ZMDC), which mines Marange diamonds in partnership with some foreign firms, said that the alluvial gems were a “game changer” if there is some fairness world over.
Media reports suggested last month that prices of rough diamonds from De Beers and ALROSA had slipped by about 10 percent per month in Surat as a result of diamonds from Zimbabwe entering the market.
About 11 million carats of Marange diamonds were expected to flood the Indian market this year while 30 percent of the diamond pieces currently manufactured in Surat were Zimbabwean stones.
ZMDC chairman Godwills Masimirembwa said that sanctions on diamond companies had impacted negatively on the pricing of the country’s gems.
“We want the British and American businesspeople out there to come and bid for our diamonds but they are afraid of being victimised back home,” he told CNN in an interview seen by Rough & Polished.
“America and the EU are not only imposing sanctions on Zimbabwe, but on its own people as well. They want to come and bid for the diamonds but because the big brother America is wielding a sjambok, they will not come.”
He denied claims that revenue from Marange diamonds were being channeled to the security forces.
“There is no off-budget that is channelled to security apparatus or Zanu-PF. All revenue is accounted for to the Government,” he said.
“Right from the extraction stage to the sale of diamonds, the Ministry of Finance, the police and the companies involved would be represented and there is no way the money can be diverted.”
Mining firms operating in Marange were said to have stockpiled 4.5 million carats with a value of up to $5 billion and were also targeting an ambitious output of 20 million carats this year, up from 9 million carats in 2011.

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