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

Petra Diamonds in $2.1 mln loss

30 october 2012

Petra Diamonds said it recorded a loss after tax of $2.1 million during the year ended 30 June 2012 when compared to a $59.2 million profit realised a year earlier.
It said in a statement that despite the group’s revenues having leaped 44 percent to $316.9 million, during the period under consideration, its mining and processing costs also went up 58.6 percent to $263.9 million, resulting in the loss.
Petra also suffered from a decline in rough diamond prices, falling 19 percent to an average of $152.03 per carat (p/c).
Meanwhile, the company said diamond production grew 98 percent to 2.2 million carats, following the completion of the Finch mine purchase, which contributed 1.1 million carats from 14 September 2011 (the date of takeover) to 30 June 2012.
Petra planned to increase production to 5 million carats by fiscal 2019.
The group also said that large diameter drilling on kimberlite KX36 in Botswana was completed during the period under review.
“Treatment and analysis [is now] underway,” Petra said.

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