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

South Africa’s state diamond trader rapped

14 june 2012

African Romance, a diamond cutting and polishing company, said South Africa’s State Diamond Trader has failed its statutory mandate to buy up to 10 percent of the run-of-mine from all diamond producers in the country for sale to local polishing houses.
Company chief executive Mohseen Moosa was quoted by Mining Weekly as saying that it was the responsibility of the State-owned entity to promote equitable access to and beneficiation of diamond resources, but that was not being done.
He also said the State Diamond Trader does not supply diamonds suitable for polishing.
“The State Diamond Trader is too expensive and forces companies to buy diamonds blind,” Moosa said.
The firm had been polishing diamonds in South Africa since 2007 but was struggling to find rough stones in the country.
“We have never had a consistent supply of rough diamonds in South Africa, even though the country mines 11-million to 12-million carats of rough diamonds a year,” said Moosa.
He said local companies had to compete with international buyers in open markets at auctions and tenders, with many of them being speculators that do not contribute to job creation in South Africa.

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