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

Rio Tinto Supplies First Bunder Rough to Indian Diamantaires

04 april 2012

Rio Tinto Diamonds has supplied rough diamonds from its Bunder project in India to local diamantaires as part of a program to better understand the potential for future commercial production at the mine, Rapaport reported.
“Indian diamantaires are best placed to unlock the potential of the Bunder diamonds and the cutting and polishing tests and jewelry manufacturing process will provide us with vital information for the ongoing evaluation of the Bunder project,” said Bruce Cox, the managing director of Rio Tinto Diamonds.
Rio Tinto will track the cutting and polishing, design and manufacture of the gems until they are presented in the first collection of Bunder diamond jewelry, which will be displayed at the Indian International Jewellery Show in Mumbai in August.
The diamonds were presented to the selected diamantaires at a private event in Bhopal in the presence of Shri Rajendra Shukla, the mines minister of Madhya Pradesh, and Shri Jitendra Singh Bundela, a member of Parliament.
Rio Tinto recently received a nod to go ahead with the Bunder project and is now working on a mine plan and the environmental approvals required to receive the lease. The proposed mine has an inferred resource containing 27.4 million carats of diamonds. The mine is being developed with an estimated investment of about $430 million (INR 22 billion) and more than $60 million (INR 3 billion) has been spent to date, Rio Tinto reported.
This past week, Rio Tinto announced that it is considering options for its diamond business, including the possible sale of the assets,  as the sector does not fit its strategy to focus on “large, long-life, expandable” assets.