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

Russian diplomats refuse to acknowledge US plans to expand its continental shelf borders

26 march 2024

During the session of the Council of the International Seabed Authority, which takes place on March 18-29 in Kingston (Jamaica), the Russian delegation refused to recognize the new borders of the US continental shelf.

In accordance with the 1982 UN Convention on the Law of the Sea, this body is called upon to regulate the activities of States in the deep seabed area not subject to the national jurisdiction of coastal States.

During the session, the Russian delegation announced the non-recognition of the expansion of the outer limits of the continental shelf unilaterally declared by the United States in December 2023 beyond 200 nautical miles. The expansion was measured from the baseline 200 miles from which the width of the territorial sea is measured in seven regions of the World Ocean, the Russian Foreign Ministry reports.

"The United States is unilaterally trying to reduce the area of the seabed under the authority of the Council, that is - the entire world community, and acquire additional sections of the shelf for its own use (about 1 million square kilometers). The unilateral steps of the United States do not comply with the rules and procedures established by international law," the message says.

The Russian delegation criticized the selective approach of the United States to the use of international law with an emphasis on its rights and complete disregard for obligations, and rejected Washington's next attempts to use the norms of the 1982 Convention solely for the sake of its own interests.

Earlier, a corresponding demarche was sent to the US on a bilateral line, the Russian Foreign Ministry noted.

Alex Shishlo for Rough&Polished