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

TanzaniteOne restructures to prevent temporary mine closure

17 june 2014

Richland Resources’ subsidiary TanzaniteOne Mining has identified 229 of its 670 employees at Merelani mine, in Tanzania, for possible retrenchment.
It said in a statement that 41 employees had already been suspended for serious employment breaches identified during the review of operations.
Richland said last April that it would no longer support further financial investment into Tanzania following a two-year period that saw key working areas at Merelani being occupied by armed illegal miners. 
Since this announcement, TanzaniteOne management and Tanzania State Mining Corporation (Stamico) had worked in consultation with Richland to reduce costs, improve revenue and streamline operations at Merelani to prevent any temporary mine closure occurring while government completed its work, making the area secure.
Richland chief executive Bernard Olivier said the company was pleased to see that the government of Tanzania had issued court orders against illegal miners, but until Block C was made totally safe, it was inevitable that the TanzaniteOne and Stamico joint venture cannot sustain full employee levels and costs.
“Our involvement in tanzanite extraction has been fraught with issues for the last few years and the unchecked illegal mining situation has led to the current round of potential job losses and cost savings,” he said.

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