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...

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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

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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

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23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

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16 august 2021

De Beers’ Element Six acquires MegaDiamond's cutting tool business

07 december 2012

De Beers’ synthetic diamond division, Element Six has acquired MegaDiamond’s cutting tool business from Schlumberger.
It said in a statement that the acquisition would strengthen its position in abrasive supermaterials for automotive and aerospace cutting tool applications.
Element Six said as the global aerospace and automotive markets increasingly adopt hard-to-machine materials, such as carbon-fibre-reinforced plastics, there was a growing demand for more advanced precision tooling and materials.
The MegaDiamond cutting tool business acquisition would also enable the company to continue to meet this requirement by expanding its capabilities and product portfolio through proprietary aerospace and automotive application-ready products and technology, it said.
 “We are delighted to welcome MegaDiamond’s cutting tool customers and team to Element Six. We look forward to continuing to deliver excellent service and quality to these valued customers,” said Element Six chief executive Cyrus Jilla.
 “We see this investment as another milestone in what has been a very positive year of development for the company. We are establishing a strong innovation and operational performance base.”
Element Six said it was continuing to position itself for strong growth through investments in its strategic capabilities and market segments.
This, it said, included the recent announcement of a $30 million investment in the construction of the world’s largest and most sophisticated synthetic diamond supermaterials innovation facility.

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