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

Richland Resources diversifies away from troubled Tanzanite operation

09 june 2014

Richland Resources, which is struggling to keep illegal miners away from its tanzanite operation in Tanzania, has acquired a sapphire mine in Australia, which is currently mothballed.
This had been interpreted as the company’s strategy to avert potential losses in Tanzania, as the government had failed to keep illegal miners off the Block C licence area.
Richland exercised its option over the Nardoo project for A$1.18mln ($1.09 million) and plans to resuscitate production within nine months.
“Nardoo presents Richland with an opportunity to start producing high quality sapphires within a relatively short timeframe,” said company chief executive Bernard Olivier.
He said the capital expenditure requirement was low while the value of sapphires with proven provenance was high.
Nardoo had a measured JORC (2004) resource of 109 million carats with an average grade of 20 carats per tonne and a plant capable of annual production of 20 million carats of sapphires.
Previous owner Australis used open-pit mining techniques, during 11 months of mining operations, to produce a total of 2.3 million carats.
Sapphires make up a significant part of the global colour gemstone market but with extraction in the main remaining generally artisanal and small scale, with a fractured supply market.
This variable, and in some instances declining production in the major production areas of the world, have led to inconsistent supply channels.
Richland said it believes that the Chinese market demand for sapphire was increasing beyond its own domestic supply.

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