Varvara Dmitrieva: The jewelry industry of Yakutia is distinguished by its creativity, unique cultural code and conservation of traditions

Varvara Dmitrieva, Associate Professor and Head of the Department of Precious Stones and Metals Processing Technologies of the North-Eastern Federal University, told Rough&Polished about the results of the Forum of jewelry Craftsmanship and the prospects...

16 april 2024

Valery Budny: There is no strategy and legislation in Russia enabling the full cycle processing of precious raw materials within the country

Valery Budny, Head of the Jewelry Russia program and CEO of the JUNWEX media holding, told Rough&Polished about the results of the meeting and pressing issues in the precious metals and precious stones (PMPS) and the jewelry sectors.

11 april 2024

Paul Zimnisky: Natural diamonds face the risk of eroding their appeal if constantly discounted

New York-based independent diamond and jewellery analyst and consultant Paul Zimnisky told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that the industry should do away with discounts. He said the industry should treat natural diamonds...

01 april 2024

Edahn Golan: Lab-grown diamond prices to continue declining

In an exclusive interview with Rough&Polished's Mathew Nyaungwa, Edahn Golan, proprietor of the eponymous Edahn Golan Diamond Research and Data, predicted that the prices of lab-grown diamonds would continue to decline, especially at the retail and...

25 march 2024

ADPA’s Ellah Muchemwa: G7 restrictions to bring extra costs from diamond mining to retail

The African Diamond Producers Association (ADPA), which has openly registered its disdain for the G7’s rough diamond trade restrictions, is of the opinion that the move will bring extra costs on all stages, from mining to retail. ADPA executive...

18 march 2024

Lower gold volumes cut Gold Fields’ first-half earnings

04 august 2023

Gold Fields, a globally diversified gold producer, expects headline earnings per share for the six months ended 30 June 2023 to range between $0.49 and $0.53 per share, a 9 to 16% decrease from the $0.58 per share reported during the same period in 2022.

The decrease in headline earnings is due to lower gold volumes sold and higher operating costs incurred in the first half of 2023, which was supported by mining inflation and higher amortisation and depreciation due to an increase in ounces mined, partially offsetting a rise in the gold price.

The gold miner expects basic earnings per share for the first half of 2023 to range between $0.49 and $0.53 per share, which is 7 to 14% lower than the $0.57 per share recorded in the corresponding period last year.

Normalised earnings per share are expected to range between $0.49 and $0.53 per share in the first half of 2023, which is 5 to 13% lower than the normalised earnings of $0.56 per share recorded in the first half of 2022.

Meanwhile, Gold Fields reported that the estimated gold equivalent production for the first half of 2023 is 1,15 million ounces, a 4% decrease from the previous year's 1,2 million ounces.

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