News
Tharisa meets FY2026 guidance, Karo Platinum fully funded as net debt swings to $51m
Tharisa has reported full-year production in line with guidance for both platinum group metals (PGMs) and chrome concentrates, while confirming its Karo Platinum project in Zimbabwe is now fully funded following a $300 million bond issue.
Today
Israel’s diamond sector poised for revival following tax reforms and De Beers comeback
De Beers, one of the world's major diamond market players, has announced the resumption of its operations in Israel after a nine-year absence, which became the latest sign of revival of the diamond industry in the country.
Today
Kefi Gold and Copper restarts Tulu Kapi development after safety review
Kefi Gold and Copper has resumed development at its Tulu Kapi gold project in Ethiopia following a suspension that began on September 7 after a serious safety incident three days earlier.
Today
Nornickel implements smart melt monitoring system
Norilsk Nickel has installed a smart melt monitoring system at its metallurgical plant in Norilsk in collaboration with Reksoft. The system uses computer vision to assist the converter operator in identifying phases during the tapping process.
Today
ALROSA to help amplify Arctic agenda at UN
In preparation for the 31st UN Climate Change Conference (COP31), ALROSA experts and other stakeholders from Russia discussed a unified approach to strengthening the country’s position and the Arctic agenda at UN climate conferences.
Today
Jewellery might not come under the category of basic necessity, but for women it is a need
31 july 2017
Enchanted by the City of Gold-Dubai, brothers Kiran Pethani and Anil Pethani travelled from their little village in Gujarat, India to Dubai in search of a better livelihood. In 1993, they started working for a jeweller in Gold Souk where they learnt enough about the trade of diamonds, gemstones, jewellery, manufacturing and in year 2004, braved it out to start on their own and the rest, as they say, is history. Today, Cara Jewellers is a Dubai based fine jewellery brand, known globally for their phenomenal diamond and coloured gemstone jewellery. With their 24 years of experience in the jewellery industry and their team of 300 sales staff, craftsmen and designers, for Kiran and Anil the sky is the limit. In an interview with Rough & Polished, both Kiran and Anil give us a peep into their mindsets; and their thoughts about the global jewellery industry; their business; and their dreams...
"The government should financially support the setting up of skills development units and Gems and Jewellery parks" suggests Sanjeev Agarwal, CEO, Gitanjali Exports Pvt Ltd.
24 july 2017
Sanjeev Agarwal has a unique combination of experience encompassing FMCG, Banking & Finance and the Luxury Retail Sectors with Unilever, Cadburys and Deutsche Bank. Sanjeev’s next move to World Gold Council as Managing Director (India-subcontinent) saw him work on a number of market & category development initiatives…conceptualizing and creating an “all India gold buying day” on ‘Akshaya Tritiya’ and ‘retailing of gold coins’ through the Bank branches and the Post Office in India. Sanjeev has also held positions such as Chairman FICCI (Federation of Indian Chamber of Commerce) Gems & Jewellery Committee; Chairman of the Indo-Armenian Joint Business Council; Honorary Managing Director of the World Silver Council; was on Panel of Advisors to the Government of India on the gold policy matters and many others... With Gitanjali Gems Group, Sanjeev has been spearheading a number of new business initiatives both in India and the overseas market, including the development of a unique ‘point of sale’ - a diamond & jewellery ATM machine. He recently launched a “concept’ precious metal called – Lumineux Uno – which is a combination of the 4 precious metals (Gold, Silver, Platinum and Palladium) for a US-based body called ‘The Leading Jewellers of the World’. Here Sanjeev speaks at length to Rough & Polished about the Indian G&J industry, Gitanjali Group as well as all the challenges that the industry is facing currently.
Virtual Possibilities of Jewellery Market
17 july 2017
Online jewellery trading in Russia – since it started boosting and becoming more popular among the consumers - is of keen interest among the market players and is a topical issue. Dmitry Zamyshlyaev, Deputy Head of the Federal State Enterprise ‘Assay Chamber of Russia’ on financial monitoring and governmental control over imports and exports of precious metals and special registering, under the Ministry of Finance of the RF, answered the R&P questions.
Too early to say good days are back, but the industry is witnessing changes
10 july 2017
Rajesh Lakhani, Director of Kiran Gems Pvt Ltd has more than 20 years standing in the diamond industry shouldering major responsibilities at Kiran including planning, developing and managing global marketing, sales and distribution of polished goods. Here, in an interview with Rough & Polished, Rajesh Lakhani comments on the industry's present status and the challenges that it is facing at present.
The task of all the jewellery community is to back up the history of natural diamond, its myths, its reputation of a rare and most precious gem
03 july 2017
Russkaya Yuvelirnaya Kompaniya No. 1 Holding comprising the Moscow jewellery factory of the same name and the retail chains in Novosibirsk and Moscow manufactures exclusive jewellery pieces and sells them on the Russian market. It specializes in making the high-carat gold with diamonds and first class gems. The сompany’s products were among the exhibits in Basel, Vicenza and many Russian jewellery shows. In his interview with the Rough&Polished information agency, Igor Kevchenkov, Director General of the Russkaya Yuvelirnaya Kompaniya No.1, speaks about the state of the Russian jewellery industry and how the Russian jewellery companies operate today.
SA’s Vutomi project can start production end of 2018 – John Teeling
26 june 2017
Botswana Diamonds entered into an option and earn-in agreement with Vutomi Mining and Razorbill Properties, a private diamond exploration and development firm in South Africa last February. It agreed to pay Vutomi a total of £942,000 in cash, of which £581,000 would be used to fund exploration activities. In addition, the company would issue 100 million ordinary shares of 0.25p each to Vutomi shareholders, after which the company would own 72 percent of Vutomi. The flagship project, Frischgewaagt, was in the Limpopo Province 300km north of Johannesburg and was immediately adjacent to the Marsfontein Mine which was previously operated by De Beers. It recently recovered 223 microdiamonds from 160kg of kimberlite drill core from the project. Botswana Diamonds said the kimberlite drill core results were modelled to an estimated grade range of 20 to 270 carats per hundred tonnes at a bottom cut off of 0.6 mm, with the largest stone being a white transparent crystal diamond falling in the -1.18+0.85 mm sieve. Company chairperson John Teeling told Rough & Polished’s Mathew Nyaungwa on the sidelines of the Botswana Resource Sector Conference in Gaborone that it was possible that they might consider some production by the end of next year, if not early 2019 as they were looking at the possibility of using other people’s plants rather than their own, a move that would significantly lower capital expenditure. Teeling emphasised that production was only feasible if they follow a low-cost regime, adding that the project won’t be “huge”, but the diamonds produced would be of “good quality”. He also commented on Botswana Diamonds’ three-and-half-year relationship with their joint venture partner, Alrosa as well as the implications of the liquidation of their partner in the Maibwe project, BCL.
Proximity doesn’t matter, your pocket does: Tanzanians interested in tanzanite jewellery can testify
19 june 2017
Tanzanite, a rare blue/purple gem, was discovered in the Merarani Hills of Manyara Region in northern Tanzania in 1967, a few miles from Arusha and Mount Kilimanjaro. It is used as a gemstone and of late Tanzanians are manufacturing quality jewellery as witnessed by our African Bureau Editor Mathew Nyaungwa during the Arusha Gem Show. However, in as much as this is an interesting development, most Tanzanians are said to be finding it difficult to afford jewellery made from a gemstone, which is only found in their country. Gem Tanzanite owner Osman Abdulsattar told Rough & Polished on the sidelines of the show early May that they had decided to make jewellery made of light (low quality) tanzanite and silver for the local market, to allow low income earners in the country get tanzanite for their engagement ceremonies.
Global demand for polished diamonds will remain steady – Ali Pastorini
13 june 2017
Ali Pastorini, senior vice-president of the World Jewelry Hub, answered questions from Rough & Polished concerning the world diamond market, preferences of consumers and role of bank crediting.
Eternal values in Malaya Bronnaya Street
05 june 2017
The assay supervision in Russia is 317 years old. Much younger is the Moscow Gemological Certification Centre (MGCC) established under the Assay Chamber and located in the same ancient respectable mansion at 18, Malaya Bronnaya Street. The MGCC employees’ mission is to assess the value of eternal precious gems – diamonds and emeralds - and make conclusions about their quality and peculiar features. We discussed this and other topics with the MGCC top executives: Professor Nikolay Vasilenko, Head of the Centre, the 1st class Counselor of State of the RF, Honoured Economist of the RF, and Boris Borisov, his deputy.
Diamonds will have the greatest potential in 2017
29 may 2017
Mumbai-based Rajesh Bhagat, India Consultant of Hong Kong Trade Development Council (HKTDC) who oversees HKTDC’s operations across India, Sri Lanka and Bangladesh, has been assisting companies, particularly small and medium enterprises (SMEs) in the region to promote their goods and services internationally through Hong Kong since June 2009. Bhagat had initiated talks with the India Trade Promotion Organisation (ITPO) which culminated in the signing of a MoU between HKTDC and ITPO. He was also awarded the ‘Best Branch Award 2015’ by HKTDC, the first Consultant of HKTDC to receive this honour. Here, in an interview with Rough&Polished, Rajesh Bhagat speaks about the recently concluded Hong Kong Jewellery Shows; and also gives an insight into the general demand pattern of polished diamonds at the Shows.
