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

Gemfields secures $15m working capital

21 april 2014

Gemfields, which has emeralds business in Zambia, says it recently agreed a $15 million working capital facility with key shareholder Pallinghurst.
The 12-month loan, which can be drawn down in two tranches, would also be utilised for general corporate purposes, helping to smooth the company's centrally available cash flow given the intermittent nature of revenues from its gemstone auctions and the ongoing development of its ruby, rough gemstone trading and Fabergé businesses.
"We are pleased to have agreed this financing facility with our key shareholder, Pallinghurst. We have been interested in securing a working capital facility for some time now and, having considered a number of offers from various banks, we have now secured what we believe to be the most appropriate funding option for the company,” said company chief executive Ian Harebottle.
Meanwhile, the Gemfields boss said he was looking forward to the inaugural auction – next June - of rough rubies from the Montepuez ruby deposit, in Mozambique.
In addition, the company would host an auction of traded rough emeralds, sourced from the open market in Jaipur, India.
“It remains a very exciting stage in Gemfields' development. While we have two further auctions scheduled for this financial year and prevailing market indicators remain robust, we have already beaten Gemfields' best ever revenue year given that year-to-date auction revenues stand at $92.9 million, with total sales from rough emerald and beryl having reached $96.4 million," he said.

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