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

Gem says Letseng’s probable reserves up 64pc to 2.26 MCts

17 july 2014

Gem Diamonds said Letseng mine’s probable reserves have increased in carat terms by 64 percent, to a total of 2.26 million carats, from the previous 1.38 million carats.
The average diamond price for the Lesotho mine’s probable reserves leaped by 19 percent to $2045 per carat from the previous average of $1715 per carat, it said in a statement.
“This improved average reserve price reflects increased market pricing and improved recovery of large high value Type II stones,” said Gem Diamonds.
The mine’s indicated resource base also increased in tonnage by 132 percent to 187.1 million tonnes from 80.8 million tonnes.
This, it said, represented an addition of over 100 million tonnes to the indicated resource category.
“This extension has not only resulted in a significant increase in the indicated resource tonnage and contained carats but has also allowed for a significant increase in the Letseng probable reserves, with the entire 22 year Life of mine plan now classified as reserve,” said Gem Diamonds.
Meanwhile, the company said the average diamond price for Ghaghoo probable reserve in Botswana had increased by 9 percent in line with market price increases for these goods.

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