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

Eduard Gorodetsky: Currently we see high demand for synthetic diamonds for use in technology segment rather than in jewelry

Director General of the Advanced Synthetic Research Center Eduard Gorodetsky told Rough&Polished about the current situation at the company, new exclusive technologies in the synthesis and production of lab-grown crystals, as well as the Research Center’s...

11 march 2024

China continues to supply the Arctic LNG-2 project despite sanctions

08 january 2024

China continues to deliver prefabricated modules for Novatek's Arctic LNG-2 project in Yamal, Russia. Two ice-capable heavy lift vessels, Audax and Pugnax, recently departed China with a cargo for the project that was put under sanctions by Western countries.

A winter transit of the Northern Sea Route (NSR) routinely takes around three weeks and both vessels are estimated to arrive in Murmansk in mid-February, High North News reported.

The transport of equipment used for the production of liquefied natural gas by European companies has been banned under the sanctions policy. But it is unclear to what degree the ban has been enforced or if the sanctions apply to the vessels’ operator. Audax previously completed a winter voyage in February 2022, also carrying modules for Novatek.

Russia is actively trying to substitute Western-made components and machinery needed for its infrastructure projects that were prohibited to be exported to the country after the beginning of Russia-Ukraine war. Russia’s cooperation with China remains key to completing construction of the second and third stages of the Arctic LNG 2 project.

Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished