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

De Beers takeover: Anglo probably overpaid by $1bln says Even-Zohar

21 november 2012

Tacy president Chaim Even-Zohar said that Anglo American probably overpaid by at least $1 billion when it acquired an additional 40 percent stake in De Beers earlier this year.
Anglo acquired the Oppenheimer family shares for $5.2 billion to lift their equity in the diamond giant to 85 percent.
According to Even-Zohar it should have paid $4.2 billion but could not give reasons in an interview with Rough&Polished.
He also said that Anglo had the right ingredients to take De Beers to another level of success.
“I think that management made a great effort to justify the purchase and they will be highly motivated to make the success out of De Beers,” Even-Zohar said.
“They are not new to the diamond business. Anglo has known De Beers all its life and they do have the skills, the know-how to take it forward.”
He said the new Anglo chief executive would have to make changes to help the company clear or reduce its net debt of $10 billion.
“I hope they will not touch De Beers,” said Even-Zohar.

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