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...

Yesterday

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

Tiffany seals off take deal in SA

19 november 2012

DiamondCorp has agreed a $6 million loan with a subsidiary of Tiffany & Co in return an off-take deal that gives the world-renowned jeweler right of first refusal to buy stones from DCP’s Lace Mine in South Africa, Proactive Investors UK reported, cited by Polishedprices.com.
The announcement is another facet of fundraising being organised to bring the historic operation back into production having already secured US$26.7 million worth of backing from South Africa’s Industrial Development Corporation, said the report.
The Tiffany cash, provided via Laurelton Diamonds, will drawn down in two tranches next January and April. The eight-year loan carries an annual coupon of 9 per cent, and is subject to final due diligence before it is formally signed off, it said.
DiamondCorp's chief executive Paul Loudon said: "We are very excited to have secured such a prestigious funding partner as Tiffany.
“Their decision to provide project finance in return for access to a long-term supply agreement is testament to the quality of the Lace diamonds and an expression of confidence in DiamondCorp's development strategy."
Lace, in South Africa’s Free State, was owned by De Beers but never fully developed, the report said.  With funding City broker WH Ireland believes initial production under DCP could occur in 2014 with full production by 2015.
The first block in the mine should provide ore until 2025, with two follow-up developments planned below this to take production to 2040. The orebody remains open at depth, said the report.