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.

Yesterday

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

The amount of recoverable oil reserves in the Arctic increased by 13.4 million tons

26 january 2024

No new hydrocarbon deposits were discovered in the Arctic zone of Russia in 2023. At the same time, the recoverable reserves at existing fields increased by 13.4 million tons of oil and condensate and 60.6 billion cubic meters of gas, said Igor Shpurov, head of the State Commission on Reserves, to RIA Novosti.

According to him, the increase in oil and condensate reserves in all of Russia last year amounted to 550 million tons of oil and condensate and 705 million tons of gas. Thus, the share of the Arctic in the increase in reserves of liquid hydrocarbons and gas amounted to 2.4% and 8.6%, respectively.

Shpurov also said that the state licensed Savinskoye, a large gold deposit in Chukotka, and the America titanium deposit in the Murmansk region.

Alex Shishlo for Rough&Polished