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...


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 Diamonds to raise $55 mln to repay debts

03 july 2012

Namakwa Diamonds’ shareholders have approved issuing more shares, which will see the group raising $55 million through share placing to repay debts and provide working capital for the company.
The group said repaying its debts would help it avoid punitive interest rates and financial covenants.
"During the first half of this year, we have been focused on ramping up production at the Kao mine to achieve a positive cash flow in the fourth quarter of this year,” said Namakwa's chief executive Richard Collocott.
“I am happy to report that current trading is in line with our expectations. However, it has become increasingly apparent that the financial performance and position of the group depends on the repayment of existing loans.''
The company’s mining activities were focused on the Kao Mine in Lesotho.
The group also maintained alluvial mining operations in South Africa and the offshore marine environment of Namibia.

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