A revolutionary induction casting machine launched this December in Cape Town is making waves as the most exciting development to ever hit the South African platinum jewellery manufacturing industry. According to Ali Brey, managing director of Hot Platinum-a Cape based company heading the commercialization of the machine-the new technology has the potential to catapult the local jewellery manufacturing industry into the international marketplace. 'The worldwide platinum jewellery manufacturing industry is worth over 10 billion US dollars a year, with America, China and Japan the largest manufacturers of platinum jewellery, 'said Brey. 'We in South Africa are sitting on around 70 percent of the world's platinum reserves but we produce less than 0.5 percent of its platinum jewellery-with this enabling technology we now have the capability to make use of our own resources and take a leading role in the global platinum jewellery marketplace.'
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