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...

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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

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23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

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16 august 2021

Paragon Diamonds completes IDC buy

28 april 2012

Paragon Diamonds is now the sole owner of International Diamond Consultants (IDC) after acquiring the remaining 1.5 percent stake from Obtala Resources.
IDC holds interests in the group’s Lemphane and Motete mining exploration projects in Lesotho as well as the KapLamp lamproite project and the Kabale kimberlite exploration project, in Zambia.
“I am pleased that Paragon now holds 100 percent of IDC, with the positive results now coming from Lesotho I believe this will generate further upside for PRG shareholders,” said chairman of Paragon Francesco Scolaro.
“The value per share paid to Obtala for its stake in IDC is the same as that offered to the previous vendors of IDC, which I believe, in light of the current good news flowing out of Lesotho, represents good value for the shareholders of Paragon.”
Paragon bought 44.3 percent of IDC in December 2010 and increased its interest to 98.5 percent the following year.
In return for the 600,000 IDC shares, which were valued at 88 US cents each, Paragon had issued 970,588 shares at 34 pence per share worth a total £330,000 ($534000) to Obtala.

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