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

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

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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

Diamond Sales Online Mulled by Dominion After Harry Winston Exit

03 february 2014

Dominion Diamond Corp., which sold the Harry Winston jewelry brand last year to Swatch Group AG, is considering an online sales platform for polished stones that originated from its Canadian mines, Bloomberg reported.
The business-to-business website could help market the gems while giving the company some of the insight into the polished market that it relinquished by selling Harry Winston, Chairman and Chief Executive Officer Robert Gannicott recently said in a phone interview.
Gannicott has transformed Dominion in the past 18 months by acquiring BHP Billiton Ltd.’s 80 percent stake in the Ekati mine in Canada’s Northwest Territories and then selling the Harry Winston business to Biel, Switzerland-based Swatch for $1 billion. The Ekati transaction included ownership of BHP’s CanadaMark trademark, a marketing initiative the world’s largest miner launched in 2003, Gannicott said.
“We’re going to revitalize that and may well turn it into a polished-sales platform,” Gannicott said. Buyers of Dominion’s rough stones could resell some of the diamonds, after they are cut and polished, through the website with the CanadaMark certification, he said. “And of course that would then give us another price reference.”
The planning of the potential sales platform is still in the early stages, Gannicott said. In addition to Ekati, Dominion owns 40 percent of the nearby Diavik mine, which is operated and controlled by Rio Tinto Group.
Demand for rough diamonds, which softened from around the middle of last year, has begun to improve, Gannicott said. Rough diamond prices have increased by about 2 percent since November, he said. U.S. demand over the holiday period was good and there are signs of continued demand from China, the second-largest consumer.
“We are thinking that over the full year we might see a total of a 4 percent rise,” he said.