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...

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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...

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There is a significant need for smart and technological financial solutions in the diamond industry

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De Beers’ Voorspoed mine targets 800,000 ct/annum by 2014

30 october 2012

De Beers’ Voorspoed mine, in South Africa is targeting an annual diamond output of 800,000 carats over the next two years, reports say.
Voorspoed was one of the three remaining De Beers operations in South Africa.
Business Live quoted the mine’s general manager Mpumi Zikalala as saying that Voorspoed, an opencast kimberlite mine, was expected to produce 600,000 carats this year, 750,000 carats next year and 800,000 carats in 2014.
She said that the production growth would be driven by a combination of factors including new equipment, improved roads and the extraction of different parts of the pit.
Meanwhile, Zikalala said three cuts had already been put into the mine and the company would look into whether it should have a fourth cut or develop an underground mine.
No timeframe was given, Business Live reports.

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