Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...

Today

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

Legal headache for Zim’s streamlining of Marange diamond operations

05 august 2014

The much-hyped streamlining of diamond operations in Zimbabwe’s Marange is set to take longer than anticipated as Harare faces a legal hurdle in how to bring the firms together without violating their original contracts.
The Herald newspaper quoted mines and mining development deputy Minister Fred Moyo as saying that the companies had running legal contracts that should be respected.
"Mines are operating at the moment under legal contracts, so if we are going to compress them we must do it legally, respecting investment, respecting our laws, without creating different views of how we do things," he said.
"That is the area we need to tackle now and we are working on that. We are not yet clear as to how we are going to address these various aspects so that we are not seen to be disfranchising people who invested in our country under specific laws at that point in time."
Mines minister Walter Chidhakwa had recently said that the streamlining of Marange operations to improve the flow of revenue and transparency would be done by the end of the year.
Mining firms told Chidhakwa last year that their claims had run out of alluvial gems and asked to be allocated new claims.
However, Moyo said firms were allocated claims with alluvial, conglomerates and kimberlites, adding that they should strike a balance between cheap and expensive resources to mine.
"We do not want to go and harvest all the easy-to-mine resource and then get an elbow of costs upwards. Suddenly Zimbabwean diamonds are expensive in the market compared to what was happening yesterday,” he said.
"Why do we not balance the extraction of our mineral resources regardless whether it's coal or diamonds, it's open cast or underground so that we get an average? That is all we have asked for. So to say the alluvial diamonds have run out is incorrect."

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