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

Petra to offload fissure mines

01 august 2012

Petra Diamonds has decided to sale its fissure mine operations, in South Africa comprising the Helam, Sedibeng and Star mines.
It said in a statement emailed to Rough&Polished that the mines had become non-core to the group, both in terms of their revenues and resource base.
“The fissure mines were Petra’s first producing mines when acquired further to the Crown Diamonds merger in 2005, but given Petra’s development and growth over recent years, the fissure mines are no longer core to the group,” said chief executive Johan Dippenaar.
He said Petra’s was focusing its attention on major assets namely Cullinan, Finsch, Koffiefontein, Williamson (in Tanzania) and the Kimberley Underground.
“This strategy has been highly successful, significantly increasing the group’s resource base, production and revenues, and has put the group in the enviable position of targeting (without further acquisitions) an increase in production from 2.2 million carats in Financial Year 2012 to over 5 million carats for Financial Year 2019,” Petra said.

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