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...


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...

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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...

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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

Petra Diamonds eyes more exposure to SA operations

12 may 2012

Petra Diamonds, which recorded an increase in production and sales during the third quarter of its financial year 2012 said that it will increase its exposure to South African operations by buying a 49,24 percent in its main black economic empowerment partner, Sedibeng Mining, by the end of June.
The miner owns Finsch Mine, Cullinan Mine, Koffiefontein Mine, Kimberley Mine and three fissure mines in South Africa.
It also owns the Williamson mine ‎in Tanzania.
‎Petra said that it had also undertaken expansion projects at Cullinan, Finsch, Koffiefontein and Kimberley, adding that it was now expecting to achieve production of 2 million carats for the full fiscal ‎year that ends on June 30.
The diamond producer said it was also revisiting the longer-term 10 Mtpa expansion project at Williamson.
“This project will be dependent upon a secure electricity supply, appropriate for the 10 Mtpa plant, and treatment results of main pit material following a six to nine month period of production utilising the rebuilt plant processing facility,” it said.
The mine had undergone a restructuring and new development in the two years since Petra bought it from De Beers.
It contributed about 19000 carats diamonds to the group from the newly commissioned main pit for the first time in the March quarter.
Meanwhile, Petra said that positive drilling and microdiamond results continued from kimberlite KX36, in Botswana with initial indications of a potentially high grade (between 75 and 180 cpht) and a relatively coarse diamond size distribution.
It said the large diameter (24 inch) drilling and bulk sampling campaign had also commenced.

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