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 bemoans ‘significant’ increase in illegal tanzanite mining, loss narrows

30 june 2014

Richland Resources has bemoaned a “significant” increase in illegal underground mining at its joint venture (JV) tanzanite operation with the State Mining Corporation of Tanzania (Stamico).
It said illegal miners were entering underground areas from neighbouring blocks posing danger to its employees.
Richland chief executive Bernard Olivier in a statement although 2013 saw the beginning of action by the Tanzanian government against illegal tanzanite miners, a comprehensive solution failed to be implemented and one of their employees was tragically shot dead by armed attackers.
The formalisation of the JV with Stamico in December saw Richland receiving assurances that illegal miners in Block C would be removed, allowing reinvestment in the mining infrastructure and consequently improve output.
However, owing to what the company called “government inaction”, they continue to experience interruptions in most of the undersigned mining areas in the mining licence area.
“Since … (2013), however, no further physical action has been taken by the government to clear illegal miners from the other areas of Block C. Safe and productive mining cannot be carried out by the company in any of the uncleared areas,” he said.
This had impacted on Richland’s financial position, with the company reporting revenue for the year ended December 31, of $11.6-million, 29 percent weaker than the previous year’s $16.4-million.
It also posted a net loss for the year of $4.5-million, ending the year with a net cash position of $500,000.
However, Richland achieved a record volume production of tanzanite in 2013 despite the challenges, with 3.45-million carats of tanzanite produced.

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