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...


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

Nunavut's Jericho Mine Yields 3rd Diamond Parcel

06 september 2012

Shear Diamonds recently announced the delivery of its third parcel of diamonds to the Tache Company. The parcel contained 22,289.36 carats of diamonds from the Jericho diamond mine in Nunavut, Canada, reported citing IDEX Online.
The two diamond companies formed a strategic alliance in 2011. Under the terms of the agreement, Tache purchases the Jericho production with Shear participating in the final net profits from Tache’s sales of the diamonds, either as rough or polished stones.
Tache advanced $850,000 to Shear for the shipment of the parcel, which was received on August 13.
In addition, Shear drew an additional $650,000 from its revolving line of credit with Tache in July. Tache will reconcile a final payment to Shear once prices per carat can be ascertained based on the formula provided in the marketing agreement.
Shear plans to deliver the fourth parcel in mid-September.