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

Firestone to start production at Liqhobong in Q2 2016, eyes over 1 mln carats/year

03 december 2014

Firestone Diamonds said it is targeting to commence production at its Liqhobong mine, in Lesotho at the end of the second quarter of 2016.
It said in a statement emailed to Rough & Polished that construction, which started last June following completion of the project financing the previous month, was expected to take 24 months.
Construction work included the new 500 tonne per hour main treatment plant and supporting infrastructure to treat 3.6 million tonnes of ore and recover more than 1 million carats per year. 
Firestone said it had now secured all major contracts and placed orders for all long lead items.
 “To date the project is progressing well and is on time and on budget, with the pilot plant having now been removed and the earthworks progressing on schedule,” it said.
“Fortunately the winter season was mild, with no snow, which allowed the project team to progress certain work streams ahead of schedule, in advance of the rainy season, which commenced in late October.”
The provision of electrical infrastructure to connect the mine to grid power was also progressing as planned, it said.
The total project cost was R165 million ($15 million) with Firestone funding R145 million ($13.2 million) with the balance, R20 million ($1.8 million), being funded by the local company engaged to construct the power infrastructure.
The company said it had so far spent about R400 million ($36.3 million) on the project.

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