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 completes debt facilities

21 november 2012

Petra Diamonds said it completed new debt facilities of $244 million with several banks in South Africa.
The combined debt facility was with FirstRand Bank, Absa Corporate and Investment Banking and IFC.
“These transactions have now completed and the facilities are available for drawdown,” it said in a statement emailed to Rough&Polished.
The new financing replaced all of Petra's current bank debt and working capital facilities of $136 million.  
Petra said last week that it intends to use the funds to expand its Finsch and Cullinan mines in South Africa, other operations and general working capital requirements.
”These facilities further strengthen our balance sheet and lend assurance to the company's ability to deliver on its core objective of rolling out its stated expansion plans and ramping up production to five million carats per annum by 2019,” Petra chief executive Johan Dippenaar said.

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