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

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

Russia's Arctic LNG-2 project to ship first cargo in January - sources

16 january 2024

According to industry sources cited by Reuters, Russia's Arctic LNG-2 project is set to load its first liquefied natural gas (LNG) tanker for Asia at the end of January.

The shipments come despite U.S. and Western sanctions imposed against the project last year with foreign shareholders suspending their participation.

Initial volumes of LNG shipments are expected to be small. One of the sources said the first cargo's delivery is expected at the end of the month, and the destination for it could be either China or South Korea. The first LNG tankers had been expected to set sail in the first quarter of 2024, according to Russia's Novatek, the operator of the project.

"Only third-tier Chinese companies with very limited exposure (or zero exposure) to the U.S. market will be able to touch this LNG," the source was quoted as saying.

With three processing trains, Arctic LNG-2's capacity is meant to be 19.8 million metric tons per year and 1.6 million tons per year of stable gas condensate.

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