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...

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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...

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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

ZMDC to set up diamond cutting, polishing plant with Indians

20 november 2012

The Zimbabwe Mining Development Corporation (ZMDC) is set to establish a diamond cutting and polishing plant in the eastern part of the country once it gets government approval to conclude a joint venture with an unnamed Indian investor.
ZMDC chairman Godwills Masimirembwa told a diamond conference held in Zimbabwe last week that the southern African country would not polish all gems produced in the country without exporting some.
“So we will grow the cutting and polishing business, but being aware that we are part of this world because the million people employed in India would want to continue to keep their jobs,” he said.
“… we should see that progress taking place, but we should be careful in saying we would want to cut and polish everything that we produce.”
Indian companies were expected to import $1.5 billion worth of roughs from Zimbabwe this year.
Masimirembwa also said that the Minerals Marketing Corporation (MMCZ) of Zimbabwe was working on the same initiatives.
He, however, could not divulge who was partnering MMCZ.
Masimirembwa said Zimbabwe currently had no capacity to cut and polish diamonds on its own.
This was also confirmed by Zimbabwe president Robert Mugabe who said that the southern African country only polished 0.1 percent of the 8.5 million carats produced last year.

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