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

Zim to inject $50mln into Marange’s DMC

28 november 2012

The Zimbabwean government is set to inject $50 million into Diamond Mining Corporation (DMC), a joint venture between some Lebanese investors and the state-owned Zimbabwe Mining Development Corporation (ZMDC).
Company project manager Ramzi Malik was quoted by Zimbabwe Independent as saying that the cash would be channelled towards capital equipment, thereby increasing production at its Marange mine threefold.
DMC had capacity to produce 7 200 carats a day worth about $300 000, Malik said.
“We are currently producing, tonnage wise, 50 000 tonnes per month. With the modifications and updates, we are projecting we will be able to do an average of hopefully 150 000 tonnes per month, which will give us an average of hopefully 150 000 to 200 000 carats per month,” he told the weekly paper.
DMC had to date conducted two local and two international auctions after being declared copliant with the Kimberley Process minimum requirements in January this year.
“We have achieved record sales figures to date with other sales scheduled before the end of the year,” said Malik.
“These figures could have been significantly higher if not for the downturn in prices on the international diamond markets, restrictive measures of Office of Foreign Assets Control and challenges sanctions imposed on us and our consumers.”

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