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

Stellar acquires $2mln bridging loan

11 december 2014

Stellar Diamonds said it entered into a bridging loan agreement for $2 million with YA Global Master.
It said in a statement emailed to Rough & Polished the loan facility, which would be available to the company for three years provides for two initial loan tranches of principal amounts of $250,000 each.
The net proceeds of the two tranches would be used to support the immediate working capital needs of the company and its operating expenses before the regular diamond exports and sales from the Baoulé Project gets underway.
Stellar said it had also entered into a £1 million ($1.57 million) standby equity distribution facility with YA Global.
“There is no minimum draw down required under the terms of the standby equity agreement  and the board does not currently anticipate that it will be necessary for the company to use that facility," said Stellar chief executive Karl Smithson.

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