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

Petra Diamonds FY output, revenue up

29 july 2014

Petra Diamonds said its production for the year ended 30 June 2014 (FY 2014) improved by 17 percent to 3,1 million carats from 2,7 million carats realised a year earlier.
It attributed the increase to improved output at Finsch, Williamson, Koffiefontein and Kimberley Underground mines.
The output was above market guidance of 3 million carats.
Petra indicated that the output could have increased beyond 3.1 million carats had Cullinan and Helam mines fared well.
Cullinan’s production decreased 5 percent to 823,619 carats from 868,975 carats recorded a year earlier mainly due to a reduced ROM grade of 27.8 cpht.
Output at Helam dropped 32 percent to 35,148 during the period under review from 52,011 recorded in FY 2013.
Meanwhile, Petra’s revenue leaped 17 percent to $472.6 million in FY 2014 from $402.7 million realised a year earlier.
Carats sold increased 23 percent to 3.1 million from the previous year’s 2,5 million, in line with the increasing trend of production.
Petra Diamonds chief executive Johan Dippenaar said FY 2014 had seen a further year of solid production and revenue growth, with the group on track to reach annual production of about 5 million carats by FY 2019.
“We have also recorded further progress with our expansion programmes, which remain on schedule and on budget,” he said in a statement emailed to Rough&Polished.
“Petra has experienced a firmer diamond market during the second half of FY 2014 and the outlook remains positive due to constrained supply and a firm US market, as well as continued growth in emerging markets.”

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