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...

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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...

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There is a significant need for smart and technological financial solutions in the diamond industry

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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

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23 august 2021

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Petra Diamonds sees FY 2015 output rising to 3.2 mln ct

19 august 2014

Petra Diamonds, which has producing mines in South Africa and Tanzania, is expecting to record an output of about 3.2 million carats in the financial year ended June 2015, an increase of 3 percent from the previous year.
It said in a statement that it was also on track to meet its production target of about 5 million carats annually by the 2019 financial year thanks to the increased contribution from undiluted Run-of-Mine (ROM) ore from financial year 2016 onwards.
Petra said that average diamond prices for financial year 2015 from its mines in South Africa (Finsch, Cullinan, Koffiefontien and Kimberley Underground) are expected to achieve higher prices than actual average prices achieved in fiscal 2014, with the exception of Tanzania’s Williamson mine.
The average prices were expected to even rise higher in the period to financial year 2019 as growth would stem from ROM production, as opposed to tailings that would deliver higher value carats to Petra's product mix.
It said the market for rough diamonds was projected to remain underpinned by a firmer US market (the world’s major market for polished diamonds), as well as continued growth in demand from emerging markets.
“Furthermore, constrained supply is also expected to support future rough diamond price increases,” said Petra.

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