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

Anglo says over a year needed to reap benefits from De Beers’ investment

12 november 2014
Anglo American said it will take more than a year to receive credit for operational improvements, including the contribution made by its 85 percent investment in the De Beers group two years ago.
The company acquired the Opppenheimer family’s 40 percent stake in De Beers for $5.1 billion in 2012.
Anglo chief executive Mark Cutifani was quoted as saying by Miningmx that it was too early to say if Anglo would consider re-listing De Beers as a means of having it recognised better by the investment market.
"I certainly believe that if we continue to perform more here, and we continue to perform across the portfolio, we'll get more and more credit,” he said.
“I don't think people will be able to give us full credit after 12 months of hitting all of our targets."
Cutifani said he was focused on having the group's business units achieve a 15 percent return on capital employed (RoCE) or face the prospect of restructuring. De Beers, he said, had done “exceptionally well” in getting towards its 15 percent target.
Anglo had achieved RoCE of about 9 percent prior to the appointment of Cutifani.

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