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

Brazil Minerals Builds a Cutting, Polishing Facility

19 june 2014

Brazil Minerals Inc. secured a proprietary facility in Brazil for cutting and polishing diamonds that are mined from its subsidiary, Mineração Duas Barras Ltda (Duas Barras), Rapaport reported. The mining company ramped up its polished diamond production this year in an effort to generate higher revenue growth through polished sales.
It is expected that the facility will be staffed by a master diamond cutter and polisher who has more than 20 years of experience, according to Brazil Minerals. The cutter will be supported by an assistant and office support personnel. Brazil Minerals received licenses from the federal government to export either polished or rough diamonds that originated from Duas Barras. So far this year, the company stated it had sold polished diamonds to a multi-store jewelry chain in Brazil.
In 2013, during the first year of rough production, Duas Barras recorded revenue of $791,780, of which 69 percent was from rough diamond sales and 31 percent from gold sales. In 2014, Brazil Minerals has already sold $1.03 million in polished diamonds for forward delivery.
Marc Fogassa, the CEO of Brazil Minerals, said, "This facility to produce polished diamonds, from a small part of the total production, is another step in making Duas Barras an integrated operation. Over time, for part of the production, we will go from rocks to online retail, while keeping the entire diamond profit margin for ourselves. It is a goal with many steps, but we are advancing daily."