Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...


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

Nomura looks at potential Rio-BHP diamond merger

05 april 2012

Nomura has looked at the possibility of a tie-up between the diamond businesses of BHP Billiton and Rio Tinto, both of which have been put up for sale, reported cited by
BHP's and Rio's diamond units are valued at $2.2bn and $1.9bn, respectively, and only represent around 1% of each company net present value. As they both contribute less than 1.5% of total group earnings before interest, tax, depreciation and amortisation (on 2012 forecasts), Nomura says they are no longer material contributors, the report said.
Nomura instead looks at a 'what-if' merger and initial public offering of BHP's and Rio's diamond businesses, said the Sharecast report.
"The rationale would be the creation of the largest listed diamond company with a solid asset base and lower overall sovereign risk. Investors might find this scenario an attractive alternative to the listed diamond producers Harry Winston, Petra Diamonds and Gem Diamonds," the broker said.
Nomura said that the outlook for the diamond market still remains good and doesn't appear to be the reason for BHP and Rio's divestments. "The market has positive fundamentals with maturing mines and growing Asian demand."
It says that the diamond businesses of both companies still have growth potential, but given the parent companies' growth pipelines in bulk commodities, energy and base metals ("which have higher potential returns and earnings impact"), the diamond divisions might "find it hard to compete for both capital and management focus".
As for the parent companies, Nomura keeps a buy recommendation for both stocks, said the Sharecast report.