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

Arctic Council resumes working groups functioning

29 february 2024

The Arctic Council is preparing to resume the activities of its working groups in a virtual format, said the secretariat of this international organization, designed to promote cooperation in the field of environmental protection and sustainable development of subarctic regions.

"In February, eight Arctic states, in consultation with organizations representing indigenous peoples, reached a consensus on the gradual resumption of official meetings of working groups in a virtual format," the council said in a press release.

In addition to Russia, the Arctic Council includes seven Western countries: Denmark, Iceland, Canada, Norway, USA, Finland and Sweden. There has virtually been no activity in the six working groups of the council since Russian invasion into Ukraine in March 2022.

The council gradually began to restore its work from May 2023, when the chairmanship passed from Russia to Norway. Last August, the members of the Arctic Council decided to communicate with each other "through written procedures," that is, by e-mail.

Now they will also communicate via video calls.

"We consider this as evidence of the increased interest of partners in strengthening the role of the Arctic Council, understanding the need to take into account the views and interests of indigenous peoples who are permanent members of the organization, and realizing that the inaction of the organization is fraught with its disappearance," said Nikolai Korchunov, Ambassador-at-Large of the Russian Foreign Ministry, as cited by the Kommersant newspaper.

Meetings of senior level diplomats responsible for the Arctic from eight countries have been suspended since March 2022 until the Arctic states reach a consensus on their resumption.

In February, Russian authorities decided to suspend annual contributions amounting to around $100,000 to the Arctic Council secretariat.

Moscow is ready to reconsider its decision if the Western member states of the organization resume full-scale cooperation with the Russian Federation.

Alex Shishlo for Rough&Polished