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

Fined Bank Put Diamond Companies At Risk

12 september 2012

A bank that recently agreed to a settlement which will see it pay millions of dollars worth of fines to the U.S. governing authorities may inadvertently also hinder the development of the diamond industry of Botswana by denying funds to a facility that facilitates local beneficiation, Polished Prices reported cited by Israelidiamond.co.il.
The Standard Chartered Bank consented to pay American regulators $340 million as punishment for having traded with Iran, in contravention of American sanctions. The fine may preclude the bank from following through on its plans to help fund an industrial park in Botswana where value can be added to diamonds.
The facility allows diamond producers to acquire financing, which they could use to expand operations involved in cutting and polishing rough diamonds.
One of the projects' funders, OPIC – Overseas Private Investment Corporation – is an agent of the American government that aims to facilitate the entry of its citizens' capital into African businesses, according to Polished Prices. It is thought that OPIC will not agree to participate in a project where the primary funding for it came from a company that it has most recently been at serious odds with.