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

Dominion Diamond sees increase in rough diamond production and sales in the second fiscal quarter

09 september 2014

Canadian diamond miner Dominion Diamond Corporation reported Fiscal 2015 Second Quarter Results ending on July, 31.
Ekati and Diavik Diamond Mines performed exceptionally well  increasing production and sales beyond the plan. The Company recorded a second quarter consolidated net income of  $26.6 million compared to the loss of almost $14 mln in the last year’s second quarter.
Robert Gannicott, Chairman and Chief Executive Officer stated: “It is a pleasure to report another quarter that exceeds expectations. We have embedded improvements to diamond recovery, rough diamond marketing and cost control efficiencies to deliver a story that continues to improve.”
Rough diamond sales rose to $277 million in the second quarter, that is а 6% rise as compared to the corresponding period last year. Sales value dropped 10 mln – from $231 mln to $221 mln (4.5%).
Due to  expenses drop and rise in sales company's operation revenues more than doubled and amounted to almost $110  mln in the second quarter.
Through the quarter the company sold 1.5 million carats, that is an increase of approximately 16% compared with one year earlier. Ekati mine output grew 60% and amounted to 802 thousand carats. Diavik saw 44.5% output growth to 870 thousans carats.
According to Dominion Diamond press statement the average rough diamonds price rose 8% since the beginning of 2014.

Olga Patseva, Editor in Chief of the American Bureau, Rough&Polished