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...

Yesterday

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

NOVATEK to open China office for LNG sales

09 february 2024

NOVATEK will form a team and open an office in China for its gas sales. The company took this step to find customers for the products of the new Arctic LNG-2 plant against the background of US sanctions, kommersant.ru reports.

It is assumed that the new team will be headed by Xu Jinhai, a former manager of Gazprombank in China.

Arctic LNG-2 is a NOVATEK's liquefied natural gas (LNG) production project. The capacity of each production plant will be 6.6 million tons of LNG per year, as well as up to 1.6 million tons of stable gas condensate per year. The project is expected to reach target capacity by 2026. The first tanker with Arctic LNG-2 produce was expected to leave for Asia at the end of January.

In November 2023, Arctic LNG-2 was sanctioned by Western nations, and in December NOVATEK warned customers about force majeure related to supplies from the project. After that the foreign shareholders of the project - French TotalEnergies, Chinese CNPC and CNOOC, as well as a consortium of Japanese Mitsui and JOGMEC - announced force majeure under their contracts in the project.

Alex Shishlo for Rough&Polished