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...


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

Diamcor gets TSX approval, closes Tiffany & Co.’s $4 mln financing

27 november 2012

Diamcor Mining said that the $4 million financing from its long-term strategic alliance partner, luxury jewellery and specialty retailer Tiffany & Co. has received final TSX Venture Exchange approval and accordingly, closed.  
The term loan had a fixed rate of interest of 9 percent and was secured by a promissory note, which is non-amortising until January 2014.
The convertible debenture also had a fixed rate of interest of 9 percent per annum, and is non-amortizing until January 2014.
“We are very pleased with the continued support of our strategic alliance partner Tiffany and Co. and their willingness to support our expansion plans,” Diamcor chief executive Dean Taylor said recently.
“We believe deploying this additional equipment now will allow us to further enhance results which are already meeting or exceeding our expectations, and provide us with the ability to expedite our overall goals and targets for the long-term.”
Diamcor said the extensive planning, development and construction of site infrastructure at Krone-Endora at Venetia was successfully completed and had positioned the company to further advance the development of the project and pursue near-term production.
The Company was targeting production levels of between 120,000 and 240,000 carats per year for the next 10 years at Krone-Endora.

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