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

De Beers says finding new diamond deposits essential

17 september 2014
De Beers, the world’s largest diamond producer by value, said it is essential to search for fresh, large sources of kimberlite diamonds.
BusinessDay quoted the group’s head of exploration Charles Skinner as saying that there was a potential threat to the diamond market fr om synthetic diamonds if the supply of natural diamonds cannot keep up with demand.
He claimed there had been no discovery of a major kimberlite for about 30 years.
"The reason for the significant volume of diamonds produced in the period between 1970 to present is because of the feedstock from these significantly large diamond mines that were discovered in that period," he said.
"There’s been massive depletion and it begs the question wh ere will diamonds come from in the future."
Skinner said over 8,000 kimberlites had been found, but only 67 had enough diamonds to justify the economics of establishing a mine.
Of those mines, only seven were major mines like Jwaneng and Orapa in Botswana and Venetia in South Africa, producing 65 percent of global rough diamond production by value, he said.
Meanwhile, Tsodilo Resources president Mike de Wit said the size of kimberlites had dropped to an average of just 2ha from more than 30ha in the 1940s.
"It’s shameful that we’ve not been able to keep that level of discovery going on," he said.
 "The decline in rough diamonds is a reality and the life of mine for new projects is pretty short, 10 or 12 years. We see some new projects coming on stream but they won’t have the impact that a big mine would have."
De Beers said recently that it was willing to spend money on diamond exploration in South Africa and Angola.

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