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

Harry Winston Prices Diavik Diamond Mine at C$2.6 B

22 august 2012

In its life-of-mine plan released this week, Canadian diamond company Harry Winston estimated the value of the Diavik mine in the Northwest Territories to be worth approximately C$2.6 billion, Israelidiamond.co.il reported. The Diavik is co-owned by Harry Winston, who hold 40% of the project shares, and mining giant Rio Tinto, who hold the remaining 60% of the project shares.
A Harry Winston press release stated that the company planned to proceed with development plans for the A-21 diamond pipe. At a cost of about half a billion dollars, the A-21 pipe would be expected to produce diamonds in five years' time.
The resulting increased productivity would extend the life of the mine for another six years past that date, taking the mine to the 20-year mark. The capital expenditure necessary to maintain the mine's life was calculated to be about C$955 million. Meanwhile, the company's interest in the mine is only about C$800 million, if based on proven and probable reserves, or perhaps C$1 billion, if all resources are tabulated.
The Diavik mine has been in production since 2003.