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...

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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

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Zim maintains second Antwerp tender attracted an average price of $72/ct

21 may 2014

The Zimbabwean government has maintained that the second Antwerp tender of Marange diamonds held last February attracted an average price of $72 per carat.
The Antwerp World Diamond Centre (AWDC) chief executive Ari Epstein had previously told Rough&Polished that the auction attracted an average price of about $80 per carat not what had been peddled by Harare.
Zimbabwean mines Minister Walter Chidhakwa - reacting to the AWDC boss’ comments - told The Sunday Mail newspaper that the figures his ministry gave were accurate.
“I really do not know what he (Epstein) is talking about. We still stand by the report that we issued after the auction that the diamonds were sold at US$72 per carat,” he was quoted as saying.
“What we know is that they (Antwerp) want to prove that they are better than Dubai. They should do so in a better way.
“As we prepare for the auctions that we intend to conduct locally, we will continue to learn from other markets, including Dubai and Antwerp.”
Meanwhile, Epstein told Rough & Polished that he never made any allegations that the Zimbabwean government was defrauded $8 million due to ‘understating’ of diamond prices, as reported in The Sunday Mail.
He said he was “merely pointing out the facts, the correct 'calculations' if you will”.
“The only thing I can think of is that they 'forgot' to leave out the 95.500 carats that were withdrawn by one company and strangely enough included them in the calculations,” he said.
“Obviously those goods, for which the bids weren't accepted by the producing company, weren't included in the calculation of the final average carat price.”

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