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

Zim diamonds selling for as low as $60/carat

02 july 2012

Anjin Investments, a joint venture between AFECC of China and the Government of Zimbabwe through its investment vehicles, the Zimbabwe Mining Development Corporation and Mettabronze said that Marange diamonds were selling for as low as $60 per carat.
Company board member Munyaradzi Machacha was quoted by The Herald newspaper as saying that Finance Minister Tendai Biti had based his $600 million (diamond revenue) figure for the year on the assumption that a carat of diamond was worth $1,300 when in fact its average value was $60.
“It is either he (Biti) is untruthful, incompetent or illiterate. He made the blunder and miscalculated. He must be man enough and admit that he made a mistake,” Machacha said.
Meanwhile, Anjin said that it had so far contributed $30 million to the fiscus in the last six months contrary to claims that they had not brought any benefits to the country.
Machacha said Anjin had invested $400 million at Marange and was yet to make profit for it to declare dividends.
He said Anjin required at least three years before it started making profit considering the huge amounts of capital injected by the investor.
Anjin received a Kimberley Process Certification Scheme clearance to sell its diamonds in December last year.

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