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.

Yesterday

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

Eduard Gorodetsky: Currently we see high demand for synthetic diamonds for use in technology segment rather than in jewelry

Director General of the Advanced Synthetic Research Center Eduard Gorodetsky told Rough&Polished about the current situation at the company, new exclusive technologies in the synthesis and production of lab-grown crystals, as well as the Research Center’s...

11 march 2024

Diamcor seeks to raise C$5 million through a market offering

04 october 2023

Diamcor Mining, which owns the Krone-Endora at Venetia Project in South Africa, plans to secure a term loan of up to C$5 million ($3.65 million).

The financing proceeds will be used for corporate purposes, expanding processing volumes, and progressing Krone-Endora's work programs.

The company will receive additional working capital to compensate for lengthy tendering and selling processes associated with rough diamonds.

The funding will include unsecured term loans with a 36-month duration and an annual interest rate of 10%.

Interest-only payments are expected at 12 and 24 months.

Principal and residual interest are due on the 36-month anniversary of the closing date for the term loans.

The company will issue one bonus share and one share purchase warrant for each CDN$1.00 ($0.73) of principal provided in the Financing.

Each share purchase warrant will enable the holder to buy one Class A voting common share for C$0.25 ($0.18) per share within 36 months.

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