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

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

Stellar Diamonds in $4 mln loss

25 october 2012

Stellar Diamonds said it incurred an operating loss before interest, tax and impairments of $4 million during the year ended 30 June 2012.
The group recorded a loss of $6.25 million during the same period last year.
Group non-executive chairman Lord Daresbury said in a statement emailed to Rough&Polished that the operating loss was in line with the board’s expectations.
He said the diamond market showed weakness in the first half of 2012 as global economic uncertainty dominated financial markets.
Bank lending to fund diamond buying slowed and a sluggish polished market combined to force rough prices to decline from year highs by as much as 20 percent to 30 percent in some categories, Daresbury said.
“Whilst we are no doubt going to experience further volatility in the diamond market in the short term, there is still sector consensus that the diamond price outlook for the medium to long term remains robust,” he said.
Meanwhile, Stellar chief executive Karl Smithson said the company delivered maiden JORC compliant resources totalling 3.1 million carats.
He also said Stellar remained on track to deliver updated resource statements for Tongo in Sierra Leone and Guinea’s Droujba in the fourth quarter of 2012.
“These projects will then move into the pre-feasibility stage to further define their economic viability and assess the capital requirement to move them into production,” he said.
“Both projects have high diamond grades and in the case of Tongo Dyke-1 a very high diamond value, making it globally one of the highest value kimberlites on a dollar per tonne basis.”

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