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

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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

Gemfields pockets over $33 mln from inaugural ruby auction

23 june 2014

Gemfields has pocketed $33.5 million from the inaugural auction of rough ruby and corundum mined at its 75 percent-owned Montepuez deposit, in Mozambique.
It said in a statement that this helped drive its overall revenue for rough gemstone sales beyond $143-million for the current financial year.
The auction, which took place in Singapore included both high- and low-quality ruby and corundum gemstones.
Gemfields said it sold 1.82-million carats of the 2.03-million carats that were on offer.
An average price of $18.43 per carat was realised.
“Since completing the acquisition of Montepuez – our first ruby deposit – in 2012, we have swiftly brought this greenfield asset into the operational and revenue-generating phases, producing over eight-million carats and simultaneously developing a first-of-a-kind, proprietary ruby grading system,” said Gemfields chief executive Ian Harebottle.
“The extension of our transparent and well-regarded auction platform into the ruby trade has been very well received by the market, with an expanded customer base now having access to reliably supplied and consistently graded rough emeralds, beryl, rubies and corundum.”

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