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

Kimberley Diamonds says recommissioning of Lerala under review, downgrades 2014 guidance

16 may 2014

Kimberley Diamonds said the recommissioning of the Lerala diamond mine in Botswana is under review.
The company acquired the Lerala mine last February as part of the takeover of Mantle Diamonds.
The current projected life of mine for Lerala was six years and it was projected to produce 400,000 carats per year at full production.
Rapaport reports that Kimberley Diamonds would also start alluvial operations at the Smoke Creek project and re-treatment of coarse tailings at Ellendale E9 in Australia between 2015 and 2017.
Meanwhile, the company was set to cut and polish its rough diamond production to help boost revenue and improve profit margins through value-added activity.
It revised its revenue forecast downward to $20 million from its previous guidance of $20.5 million for the fourth quarter and fiscal year that ends on June 30, 2014.
The forecast for earnings before tax and interest was lowered to $1.5 million from $5 million previously.
This was after its unsuccessful negotiations to raise prices on its supply of fancy yellow diamonds to Tiffany & Co.
Rapaport reports that Kimberley Diamonds was seeking a price increase for its supply of fancy yellow diamonds that Tiffany's cutting and polishing subsidiary, Laurelton Diamonds, purchases.

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