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

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

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Gemfields boosts output in Q3

24 may 2012

Gemfields said its gemstone (emerald and beryl) production in the third quarter to March 2012 increased to 4.9 million carats from 3.5 million carats a year earlier.
The miner said that it reduced costs during the period, as unit production cost decreased to $0.85 per carat from $1.03 per carat a year earlier and $0.87 in the preceding three months.
Chief executive Ian Harebottle said demand for coloured gemstones was increasing across all markets.
“Gemfields' healthy cash position has supported the company's decision to actively pursue the development of other assets in its portfolio and to increase the scale of operations at its Kagem mine,” he said.
Meanwhile, Barclays Bank Zambia had agreed a $9.3 million debt facility that would part-finance the waste removal programme in the Chama section of Gemfields' 75 per cent owned Kagem mine.
Gemfields said while the stripping ratio would continue to increase in the near term as areas of overburden and wastes are mined, it expected an overall increase in operating efficiencies and performance in the medium to longer term as Kagem was able to mine both waste and ore more efficiently.

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