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

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23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

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16 august 2021

Sanctions induced depressed diamond prices cost Anjin $336 mln in revenue - official

18 november 2014

Chinese partly-owned diamond miner, Anjin Investment has estimated that it lost about $336 million in revenue due to the “sanctions induced depressed” prices.
Company director Munyaradzi Machacha told the Zimbabwe diamond conference last week that the figure was arrived at by multiplying the total carats sold so far with the difference between the average price per carat and the average price for the same goods set by a “reputable” Belgian diamond consultant.
“We therefore believe that we could have earned much more from the diamonds that we soldand we agree with the chairman of Mbada Diamonds when he said that we are getting about 50 percent of the value of our diamonds,” said Machacha.
Diamond miners operating in Marange in partnership with the state-owned Zimbabwe Mining Development Corporation had been slapped with sanctions by the European Union (EU) and the U.S following accusations of gross human rights abuses in the diamond fields.
Harare denied the accusations.
However, EU lifted sanctions on ZMDC late last year, which saw the country conducting diamond tenders in Antwerp and Dubai.
The U.S sanctions were still in place.

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