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

Brazil Minerals Raises Equity Interest in Mineração Duas Barras

21 august 2014

Brazil Minerals Inc. completed the purchase and received title to another 13.13 percent of Mineração Duas Barras Ltda. (MDB) in Brazil, thereby increasing its current ownership to 86.88 percent. MDB mines diamonds and gold across 1,404 acres of mineral rights, which includes a mining concession and alluvial processing plant, Rapaport reports.
Marc Fogassa, Brazil Minerals' CEO, said, "Expanding our ownership of a producing gold and diamond mine that we understand extremely well is a great use of capital. MDB is a premier property in Brazil, as evidenced by the Gemological Institute of America's visit this week, and the numerous unsolicited contacts we get from buyers worldwide for our production. Additionally, and most importantly, from the initial time that we became involved in MDB, we have taken great care to upgrade multiple aspects of MDB and to embark on certain strategic initiatives that will increase the value of MDB. We are proud of the transformation of MDB undertaken with our help and guidance in the last 15 months."
Brazil Minerals posted revenue of $791,780 in 2013, which was comprised of 69 percent in rough diamond sales and 31 percent from gold. The company began polishing some of its rough diamonds this year to further grow its revenue channel. To further expand its ability to process diamond production, the company recently built a diamond cutting and polishing facility in Brazil.