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Dmitry Fedorov: I want our jewelry to be displayed at a museum in the future
Dmitry Fedorov is the founder of the eponymous jewelry house. His main focus is the creation of Orthodox-inspired premium luxury jewelry of high artistic merit. He told Rough&Polished about his journey in the jewelry industry, about choosing the ‘Orthodox...
28 october 2024
Responsible business practices ‘no longer optional’, says WDC President Feriel Zerouki
The president of the World Diamond Council takes time out of her busy schedule to tell Rough&Polished readers about the critical work of the WDC. Zerouki, the first female present of the body, which includes all the important industry organizations among...
14 october 2024
James Campbell: Botswana Diamonds optimistic as it enters uncharted territory of using AI for mineral exploration
London-listed Botswana Diamonds has expressed optimism about the company’s use of artificial intelligence (AI) to scan the exploration database in Botswana to look for new mineralised deposits. Company managing director James Campbell told Rough...
07 october 2024
Artur Salyakayev: For me, happiness is freedom to make my ideas happen and create valuable products
Artur Salyakayev is an art entrepreneur, founder of the International Jewelry Academy (IJA) and the INCRUA jewelry company. He has initiated and developed successful projects in jewelry industry and services sector. He is also a leading expert...
30 september 2024
Paul Zimnisky: China key for sustained recovery in demand for natural diamonds, prices
The curtailing of upstream and midstream natural diamond production in the past months is starting to have an effect on prices, according to the New-York-based independent diamond and jewellery analyst and consultant, Paul Zimnisky. He told Rough & Polished’s...
23 september 2024
Northam abandons plans to acquire RBPlat
According to the miner, the rhodium closing price has been below $9000/oz for 12 trading days, while the basket price for four PGMs has been below R33 000 ($1 830.91) an ounce for ten trading days.
"Northam Holdings hereby notifies RBPlat shareholders that the offer has been terminated with immediate effect," the company stated.
Northam's decision to abandon its pursuit of RBPlat clears the way for Impala, the world's second-largest producer of PGMs, to strengthen its grip on a miner with high-grade assets that made it an appealing takeover target.
It had outbid Impala's initial offer to acquire RBPlat but said that PGM prices had fallen to levels that constituted a "material adverse change", rendering its offer null and void.
During the takeover battle, Impala and Northam amassed 40.71% and 34.52% stakes in RBPlat, respectively.
Northam did not say whether it would keep its stake or sell it to Impala, but Northam chief executive Paul Dunne told analysts last month that his company might consider running RBPlat jointly with Impala.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished