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

Rockwell Diamonds’ FY 2014 net loss narrows

28 may 2014

Rockwell Diamonds said its net loss for the financial year 2014 narrowed to C$10.4 million ($9.5 million) compared to a loss of C$13.8 million ($12.7 million) in the prior year, after non-cash charges of C$10.1 million ($9.3 million) for foreign exchange and depreciation.
The company, which owns alluvial diamond mines in South Africa, said operating profit before amortization and depreciation was C$6.0 million ($5.5 million), up from C$1.1 million ($1 million) in prior year.
Its revenue for the period under review also leaped 39 percent year-on-year to C$45.2 million ($41.4 million), comprising C$41.1 million ($38 million) from diamond sales and beneficiation income of C$4.1 million ($3.8 million).
“We believe that the implementation of our earthmoving vehicle (EMV) upgrade programme should unlock further benefits as we improve the fleet overall utilisation to match our production capacity and renew the equipment to lower our maintenance expenses, while improving availabilities,” said company chief executive James Campbell.
“Equally pleasing is the positive cash flow from normal operations of C$3.7-million ($3.4 million) [prior to working capital movements].”
The company said it achieved a 6 percent grade improvement across its properties to 0.74 carats/100m3, resulting in a 27 percent increase in total carat production, including 14,222 carats from own operations and 13,554 carats from contractors.

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