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

Gemfields boosts output at Zambian emerald mine

27 august 2012

Gemfields recorded high emerald output at its 75 percent owned Kagem mine, in Zambia for the three month period and year ending 30 June 2012.
It said in a statement that production at the mine was 7.3 million carats during the last quarter of the financial year 2012 from the previous quarter’s 4.9 million carats.
Gemfields said the emerald grade, however, fell to 181 carats per tonne from 236 carats, adding that unit production costs also eased to 57 cents per carat from 85 cents.
"On the back of solid demand for Gemfields' products, pleasing stock levels and healthy cash balances, our decision to focus primarily on mine development and waste mining during the past year is, I believe, well justified,” said company chief executive Ian Harebottle.
“Despite some early minor delays and slightly lower than anticipated full year production volumes, the past few quarters have continued to deliver improving production volumes, a trend that is likely to continue in the near term. 
Gemfields said it recorded revenue of $9.0 million from 3.47 million carats sold during the Jaipur auction last June
Its cash balance for the financial year was $36.7 million.
Meanwhile, Gemfields said that the Montepuez ruby mine in Mozambique was on track to commence bulk sampling in the coming quarter

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