Analytics
Corruption in mining sector puts a stain on green energy future
Apparently, the world is moving in a new direction in terms of its energy needs, starting to embrace carbon neutrality and trying to combat climate change. Even though these new developments are off to a slow start, considerable resources are being allocated...
06 may 2024
Blockchain as a new tax on the diamond industry
After Russian rough and polished diamonds were given the ‘persona non grata’ status by the G7 countries, the efforts of the established market players have been and are aimed at ‘sifting the wheat from the chaff’ - how to reliably segregate the ‘bad’...
22 april 2024
Expert reports
What goes up must come down: the evolution of the lithium industry
(woodmac.com) - Any industry experiencing an intense and prolonged growth trajectory will incur periods where it is less smooth sailing....
Yesterday
What’s Causing China’s Diamond Slump?
(rapaport.com) - In mid-2023, as China’s real-estate crisis lingered, property firms started to offer gold bars as an incentive to buy their apartments. The property slump, along...
02 may 2024
Guarding bullion: Mineral extraction tax on gold in Russia increases
(iz.ru) - The Council of Federation has approved the law on increasing the mineral extraction tax (MET) on gold. It is aimed at offsetting the losses...
24 april 2024
News
Kimberley Process Intersessional to be held in Dubai next week
Yesterday
The upcoming Kimberley Process (KP) Intersessional meeting is scheduled to take place from 13-17 May 2024 in Dubai under the “Year of Delivery” program.
Botswana to be involved in determining the future of De Beers – Masisi
Yesterday
Botswana President Mokgweetsi Masisi says his country will be involved in determining the future of De Beers to protect its interests amid talks of a potential selling of the diamond giant by Anglo American, which is also a subject of takeover by the BHP Group.
IGI diamond reports to feature light performance score
Yesterday
The International Gemological Institute (IGI) has launched a new feature for its diamond grading reports powered by the Ideal-Scope, a scientific light performance assessment tool.
Pan African to achieve the upper range of full-year gold production guidance
Yesterday
Pan African is expecting production for the financial year ending 30 June 2024 to be between 186,000 ounces (oz) and 190,000oz of gold from the previous 180,000oz to 190,000oz.
Japanese steelmakers concerned over monopolization of coking coal supply by BHP
Yesterday
Steelmakers in Japan have voiced concerns over global coking coal supply monopolization by BHP if it goes forward with the possible takeover of Anglo American.
ALROSA to maintain diamond production volumes despite sanctions
09 may 2024
According to the CEO of the Russian diamond mining company ALROSA, the company does not intend to reduce diamond production volumes in response to Western sanctions, but, on the contrary, sees this factor as an opportunity for further development.
De Beers cut diamond prices but manufacturers see no respite to their woes
09 may 2024
Diamond manufacturers say the price reductions implemented by De Beers for smaller rough diamonds at this week's sight are insufficient to help their profitability.
Polymetal’s Q1 revenue up 26% amid higher gold prices
09 may 2024
Polymetal International plc headquartered in Kazakhstan has reported its production results for the first quarter ended March 31, 2024.
Exclusive
Zimnisky: Diamonds are incongruent with Anglo's longer-term strategy of focusing on commodities for green infrastructure
It was recently reported that the diversified miner Anglo American, which is subject to a takeover by BHP Group for $39 billion, is considering selling its subsidiary De Beers. New York-based independent diamond and jewellery analyst Paul Zimnisky told...
06 may 2024
ODC managing director Mmetla Masire: We need to be responsible and not oversupply the market
Okavango Diamond Company (ODC) managing director Mmetla Masire told Rough&Polished’s Mathew Nyaungwa in an exclusive interview that there is still a lot of inventory and there is a need for all players in the diamond industry to trade responsibly...
22 april 2024
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
