Vladimir Pilyushin: The jewelry market is not stand-alone and moves by the same laws as other markets

Vladimir Pilyushin is editor-in-chief of Russian Jeweler, a leading magazine about the jewelry industry in Russia. He told Rough&Polished about his view on the evolution of the jewelry industry in Russia and touched upon some of its problems.

16 september 2024

Sarine’s David Block: Diamond Industry at Standstill Until Chinese Demand Returns

David Block is CEO of Israel’s Sarine Technologies and has served in the position since 2012. In this exclusive interview for Rough and Polished, Block gives his opinion on the leading issues affecting today’s diamond trade.

11 september 2024

Dr M'zée Fula Ngenge: Demand for considerable-sized diamonds stronger than ever

The African Diamond Council (ADC) chairperson Dr M'zée Fula Ngenge told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that although overall global diamond prices have been somewhat soft, the demand for considerable-sized diamonds...

02 september 2024

Amplats sees prospects as a standalone company

Anglo has revealed its plans to demerge Anglo American Platinum (Amplats), which has operations in South Africa and Zimbabwe, to optimise shareholder value. Rough&Polished contacted Amplats to comment on this and other issues but was referred...

19 august 2024

WFDB President Yoram Dvash Remains Confident Despite Global Diamond Challenges

Yoram Dvash is President of the World Federation of Diamond Bourses (WFDB) having been elected in 2020. He found time in his busy schedule to speak to Rough&Polished about the state of the diamond industry around the world and some of the major...

12 august 2024

In Russia the modernization of old thermal power plants by 6 gigawatts is delayed for a year

16 december 2022
20% of the modernization program of thermal power plants in Russia may be delayed for a year or more, the Kommersant newspaper reported, citing sources in generating companies.
We are talking about 26 projects with a total capacity of about 6 GW for 76 billion rubles. The reason was the delay in the supply of turbines and the increase in the cost of equipment.
Inter RAO postponed the launch of two power units of Nizhnevartovsk GRES for 17 months due to the extended delivery time of turbines by Silmash. The company explained the delay by the high workload of Russian suppliers.
The "Market Council" considered the change in the timing of modernization adequate to the situation that has developed due to sanctions. The regulator does not expect a serious decrease in the reliability of the power system in this regard.
However, experts believe that the arguments of the generating companies are insufficient for such a long transfer. The "Consumer Community" also found the problems with Russian suppliers unconvincing for such a significant disruption of the implementation dates: "it looks more like an attempt by generating companies to avoid responsibility for their own miscalculations."

Alex Shishlo for Rough&Polished