Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...

Yesterday

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

Paragon Diamonds gets $10m financing, see first production at Motete Dyke in 2013

30 august 2012

Paragon Diamonds has signed a Memorandum of Understanding (MOU) for the financing of its Motete Dyke, in Lesotho, a move that will bring the project into full production.
The MOU was signed with Lesotho partner Matekane Group of Companies (MGC), which would provide up to $10 million of project financing.
“I am delighted that we have secured project finance to bring the Motete Dyke in production,” said Paragon chairman Francesco Scolaro in a statement emailed to Rough&Polished.
“This is a significant milestone for the company especially considering we only started exploring at Motete in December 2011 and now expect to be in production in 2013.”
Once production at the Motete Dyke project had commenced, 75 percent of all free cash flow would be initially used to repay the investment that the shareholders had made to date (about $750,000 in total).
Motete was known to be diamondiferous and currently undergoing initial exploration.
Initial micro diamond analysis results in 2012 indicated that an in-situ grade of up to 1 carat per tonne is likely.

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