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

Namakwa gets higher than expected prices from Lesotho diamonds tender

18 may 2012

Namakwa Diamonds said the first sale of diamonds from its Kao mine, in Lesotho realised $6.47 million, with prices 17 per cent higher than initial projections.
It said in a statement emailed to Rough & Polished that 16 388 carats went under the hammer in Antwerp at an average price of $395 per carat.
The largest diamond sold, Namakwa said, was 38 carats at $6,668 per carat, with an 11 carat diamond selling for $15,020 per carat and four diamonds with sizes varying between 6 and 14 carats selling for an average of $7,100 per carat.  
“We are delighted with the outcome of our first tender sale in Antwerp of Storm Mountain Diamonds’ production from the Kao Mine,” said company chief executive Richard Collocott.
“Achieved prices were 17 percent higher than anticipated resulting in an additional $1m in sales income.”
He said the significant improvement in achieved price reflected both the increased parcel size on comparative diamond sales in Johannesburg, as production ramps-up at the Kao Mine, and the international exposure provided by their tender partner, Fusion Alternatives.
Meanwhile, Namakwa said that as at 13 May 2012, production for FY2012 was at 61,997 carats from 600 110 tonnes processed, with an average grade of 10.33cpht.
Costs remained in-line with budgets and the 500tph processing plant was currently running at c.250tph and producing in the region of 635 carats per day, it said.
Namakwa said production in South Africa was at 15,614 carats, from 2,2 million tonnes processed, with an average grade of 0.71cpht.
Costs remain in-line with budgets and average sales prices during the second half of FY 2012 were commensurate with the first half ($632/ct).
“Whilst discussions continue with the National Union of Miners in respect of wage demands, strikes are not having a material impact on production and guidance for FY2012 remains unchanged at 20 carats,” it said.

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