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

Anglo American Platinum reviewing Rustenburg assets

04 july 2014

South Africa's Anglo American Platinum said on Monday it was reviewing options for its Rustenburg operations, which were hit by a crippling five-month strike that ended a week ago, MineWeb reported citing Reuters.
Spokeswoman Mpumi Sithole told Reuters: "We expect to provide further details at the interims on 21 July."
Amplats' parent Anglo American has signaled its intention to possibly dispose of some its aging platinum assets in South Africa and Britain's Sunday Times reported it had put them up for sale.
A painful restructuring has been expected in South Africa's platinum sector, which is struggling with rising costs and depressed prices for the precious metal used for catalytic converters in automobiles.
Amplats' chief executive Chris Griffith said last week the world No. 1 platinum producer would likely end up losing 11 billion rand ($1.04 billion) from the wage strike by the Association of Mineworkers and Construction Union (AMCU), which also hit Impala Platinum and Lonmin operations.
Bullion producer Sibanye Gold has said it might snap up platinum assets that come up for sale and is seen as one likely buyer of Amplats' distressed mines.
Sibanye's management team has a reputation for squeezing profit out of mines nearing the end of their lives and it could potentially fund the purchase by tapping cheap Chinese sources of finance given its connection to investors from the country.