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

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

Petra Diamonds boosts H1 output, profit up

21 february 2014

Petra Diamonds said its production for the six months to 31 December 2013 leaped 31 percent to 1.6 million carats compared to 1.2 million carats recorded a year earlier.
The AIM-listed company said in a statement emailed to Rough&Polished that it was “firmly” on track to meet its full year guidance of about 3 million during the financial year 2014.
Petra’s revenue also went up 19 percent to $185.5 million during the period under consideration against $156.3 million for the corresponding period last fiscal year.
Its net profit after tax also jumped to $28.4 million from a loss of $15.2 million a year earlier.
Carat sales were expected to be significantly higher in the second half of the year than the first half due to seasonal timing of Petra tenders.
The company holds four tenders in the second half of the year as opposed to three in the first half.
The $25.6 million sale proceeds from the exceptional 29.62 carat Cullinan blue diamond sold last week was also expected to contribute to higher second half sales.
“We look forward to a strong second half, incorporating a continued firm rough diamond market, higher carat sales, and higher revenue and cashflows augmented by the sale proceeds of the 29.6 carat blue diamond from Cullinan,” said company chief executive Johan Dippenaar.
Meanwhile, Petra said the market for rough diamonds had strengthened over recent months.
Longer term, a positive outlook for the diamond market was supported by the continued economic recovery in the US and growth in demand from emerging consumer markets, it said.

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