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

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

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Rockwell Diamonds narrows Q3 net loss

14 january 2014

South Africa-focused Rockwell Diamonds narrowed its net loss during three months ended November 30, 2013 to $400,000 from $4.7 million a year earlier.
Revenue increased 35 percent year-on-year to $11.9 million, comprising $11.2 million from diamond sales, up 57 percent and beneficiation income of $0.6 million, down 61 percent.
Rockwell chief executive James Campbell said the company’s third quarter results show the financial merits of their strategy to focus on the Middle Orange River.
“We reported a sixth consecutive quarter of US$ denominated revenue growth, producing a second successive quarterly gross profit (after amortization and depreciation) of $1.3 million. Normal operations produced cash flow of $2.0 million (prior to working capital movements)…,” he said.
He said the company maintained its mid-term objective of processing 500,000m3 per month of quality gravels, with tight operation and cost controls, in order to achieve consistent production and quarterly earnings.
“At Saxendrift, we are busy with a detailed earthmoving vehicle fleet optimization exercise to improve earthmoving availabilities while also evaluating ways to increase the plant's capacity,” said Campbell.
He said Rockwell was conducting contiguous exploration at Saxendrift, which was aimed at both extending and enhancing the quality of the resource.
“With the delivery of the second phase plant expansion at Niewejaarskraal, the company's total monthly processing capacity will increase to 340,000m3 with a further 200,000m3 per month indirectly through royalty contract mining production," said Campbell.

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