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

Goldplat remains profitable despite facing challenges in South Africa

27 march 2024

Goldplat, which has gold mining operations in South Africa and Ghana, achieved profitable results for the six months ended December 31, 2023, despite facing challenging circumstances in South Africa.

The company's operating profit for the period under review was £2.97 million ($3.75 million), showing a positive increase compared to the operating profit of £2.81 million reported for the six months ended December 31, 2022.

This was particularly noteworthy, given the significant increase in revenue from £20.6 million to £37.40 million, representing an 82% growth.

The Ghanaian recovery operations experienced an impressive revenue surge of 167%, while the South African operations saw a slight decline of 9% in revenue.

The rise in revenue in Ghana was primarily due to the sale of a significant amount of high-quality, low-profit material.

This material had accumulated due to export delays caused by the company's finalisation of its export licence in the previous financial period. Additionally, some material was only supplied during the period.

The decrease in revenue in South Africa can be attributed to the impact of electricity cuts on production, as well as a reduction in by-products received from current mining operations due to changes in their production profile.

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