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

Lucara Diamond Q1 loss widens

14 may 2012

Lucara Diamond said its net loss widened to $4.2 million during the first quarter period ended March 31, 2012 compared to net loss of $1.9 million in 2011.
The emerging diamond miner said in a statement that the loss reflected the higher exploration expenditure in 2012 compared to the prior year.
The exploration expenditure was $3.3 million during the quarter reflecting costs at Mothae, it said.
“This is $2.1 million higher than the prior year due to the work completed during the first quarter on the preliminary economic assessment and the delineation drilling programme,” the miner said.
“This work will lead to a further understanding of the ore body and the development of an updated geologic and resource model for the Mothae kimberlite.”
Meanwhile, Lucara said that it intends to continue with trial mining programme and project evaluation through to the end of the third quarter of 2012 at Mothae, in Lesotho.
“Resource modeling based on the recently completed drill programme is ongoing and expected to be completed in the third quarter of 2012,” it said.
“Detailed ore dressing studies are underway and are also expected to be completed during this period.”
Lucara also said that it expects ramp-up to full production capacity through the remainder of the second quarter at Karowe mine in Botswana.
The first sale of diamonds from Karowe was expected to take place in Gaborone next month. There were five further sales planned for 2012, it said.

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