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...


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

Firestone H1 FY ’14 revenue tumbles

07 march 2014

Firestone Diamonds said its revenues for the six months ended December 2013, dropped to £2.6 million ($4.3 million) compared to £5.1 million ($8.5 million) realised a year earlier.
The diamond junior attributed the fall in revenues to lower volumes and quality of diamonds sold during the period.
It said in a statement emailed to Rough&Polished that the total costs of £7.2 million ($12 million) were £1.7 million ($2.8 million) lower than £8.9 million ($14.8 million) registered during the same period last year, mainly due to lower production activity resulting from the Liqhobong in Lesotho being placed on care and maintenance in October in preparation for the construction of the Main Treatment Plant (MTP).
The MTP was capable of producing over 1 million carats per annum.
Firestone also said that loss for the period before tax of £4.9 million ($8.2 million) was the same as that incurred in the comparative period last year.
However, the loss attributable to shareholders of £4.1million ($6.9 million) was £0.3 million ($0.5 million) down on a year ago.
Meanwhile, Firestone said its BK11 mine, in Botswana continued to be on care and maintenance.
“As previously communicated to shareholders, the board is considering various strategic alternatives for its Botswana operation and exploration portfolio, including disposal or joint venture, but it recognises that extracting fair value from the asset in the current market could be challenging,” it said.

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