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...

Yesterday

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

Zim diamond mines to remit $150 mln by year end - report

12 november 2012

Companies mining diamonds in Zimbabwe will remit $150 million to the country’s Treasury by the end of the year, an official has said.
This was a sharp decline from $600 million that the southern African country had initially targeted.
Zimbabwe Mining Development Corporation chairperson Godwills Masimirembwa was quoted by The Herald newspaper as saying that the low revenue was a result of the illegal sanctions imposed on the country’s diamond mines by the U.S.
"From January to September this year, we have remitted about $113 million to Treasury from royalties and dividends, a figure that is way below the projected $600 million," he said.
"The main reason why the figures are low is because we have a limited customer base due to the illegal sanctions. That limited customer base is under threat of being punished by Ofac (Office of Foreign Assets Control) of America for buying Zimbabwean diamonds."
He also said that the trading environment was not conducive for the Zimbabwean diamonds to realise optimal prices.

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