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

Angola’s Catoca in marginal production increase, 2011 profits up 16pc

07 august 2012

ALROSA’s 32.8 percent-owned Catoca mine, in Angola recorded an output of 6.780 million carats in 2011 from the previous year’s 6.741 million carats.
The miner, which is also partly owned by Angolan state-diamond mining company, Endiama, Odebrecht of Brazil and China-based LLI said in a statement posted on its website that sales went up 16 percent to $611.3 million.
Catoca’s net profit was 27 percent higher to $141.6 million during the year.
The miner said that the average price achieved at its January 2011 sale was $88.09 per carat.
This went up to $95.22 per carat in June and $97.51 per carat in ‎September, before easing to $89.55 per carat in December.
Catoca said it faced increased competition from the large reserve ‎of diamonds held at Zimbabwe’s Marange.
The diamond company recently reduced its revenue forecast for 2012 by 20 percent to $400 million, from previous estimates of $550 million.
The change was due to a 5 percent reduction in sales of its rough diamonds at the end of the first half of 2012.

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