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South African manufacturer reports positive growth > Gold News > World Gold Council, all about gold

 

South African manufacturer reports positive growth

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Monday, 14th June 2004 (5612 views)

A South African gold jewellery manufacturer is proving successful despite a general decrease in the industry.<BR/><BR/>OroAfrica, the largest gold jewellery maker in South Africa has reported incredible growth with volume growing by just under 30 per cent last year, according to Mining Weekly.<BR/><BR/>The jewellery maker uses specialist computer aided technology for designs, which helps make items more intricate and boost production.<BR/><BR/>Martin Amman, head of the design team explained: "Apart from looking at a design in 3D and being able to make a printout for the goldsmiths, we can also make photo realistic renderings.<BR/><BR/>"This means that we can design a piece of jewellery in polished yellow gold, or matte platinum for example, put in stones and then calculate its weight in order to price it before we make it."<BR/><BR/>The firm is planning to increase its gold consumption from six tonnes a year to between 12 and 15 tonnes of gold per year within the next five years, with future growth planned for China and Japan.<BR/><BR/>The company has been running since 1998 and claims export is to stay an important area, as exports make up 75 per cent of its turnover.<img src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=2824713"/>

 

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