News
ALROSA to maintain diamond production volumes despite sanctions
According to the CEO of the Russian diamond mining company ALROSA, the company does not intend to reduce diamond production volumes in response to Western sanctions, but, on the contrary, sees this factor as an opportunity for further development.
Today
De Beers cut diamond prices but manufacturers see no respite to their woes
Diamond manufacturers say the price reductions implemented by De Beers for smaller rough diamonds at this week's sight are insufficient to help their profitability.
Today
Polymetal’s Q1 revenue up 26% amid higher gold prices
Polymetal International plc headquartered in Kazakhstan has reported its production results for the first quarter ended March 31, 2024.
Today
De Beers registers 2 million individual diamonds on Tracr
De Beers has expanded the pioneering blockchain platform, Tracr, opening it up to the wider industry and enabling participants to record a diamond’s journey from source to store, according to its 2023 sustainability report.
Today
Global gold demand up 3% in Q1 2024 - WGC
According to the Gold Demand Trends report by the World Gold Council (WGC), global gold consumption increased 3% in the first quarter of 2024 to 1,238 tonnes, marking it as the strongest first quarter since 2016.
Yesterday
Zimnisky: Diamonds are incongruent with Anglo's longer-term strategy of focusing on commodities for green infrastructure
06 may 2024
It was recently reported that the diversified miner Anglo American, which is subject to a takeover by BHP Group for $39 billion, is considering selling its subsidiary De Beers. New York-based independent diamond and jewellery analyst Paul Zimnisky told Rough&Polished’s Mathew Nyaungwa in an exclusive interview that diamonds might not be what the group need going forward.
ODC managing director Mmetla Masire: We need to be responsible and not oversupply the market
22 april 2024
Okavango Diamond Company (ODC) managing director Mmetla Masire told Rough&Polished’s Mathew Nyaungwa in an exclusive interview that there is still a lot of inventory and there is a need for all players in the diamond industry to trade responsibly and avoid oversupplying the market.
Varvara Dmitrieva: The jewelry industry of Yakutia is distinguished by its creativity, unique cultural code and conservation of traditions
16 april 2024
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 for the jewelry industry in the Republic of Yakutia.
Valery Budny: There is no strategy and legislation in Russia enabling the full cycle processing of precious raw materials within the country
11 april 2024
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.
Paul Zimnisky: Natural diamonds face the risk of eroding their appeal if constantly discounted
01 april 2024
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 as the high-end luxury products they are.
Edahn Golan: Lab-grown diamond prices to continue declining
25 march 2024
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 mid-stream levels.
ADPA’s Ellah Muchemwa: G7 restrictions to bring extra costs from diamond mining to retail
18 march 2024
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 director Ellah Muchemwa said the extra costs emanate from the introduction of unilaterally longer and more complicated procedures for processing trade transactions, especially cross-border ones, including difficulties with bank payments and financing, insurance, and logistics.
Eduard Gorodetsky: Currently we see high demand for synthetic diamonds for use in technology segment rather than in jewelry
11 march 2024
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 long-term plans.
Dev Jewels’ Devendra Bhandari: It’s not feasible to set up diamond-cutting and polishing factories in Africa
04 march 2024
Diamond-producing countries in Africa have been on an ambitious drive to add value to their rough diamonds in a bid to derive more revenue. It is, however, not feasible to cut and polish diamonds in Africa compared to jurisdictions such as India, according to Dev Jewels’ managing director, Devendra Bhandari.
Dr M'zée Fula Ngenge: ADC shall continue to encourage sustainable and positive transformation of the African mining industry for years to come
26 february 2024
Dr M'zée Fula Ngenge, Chairman of the African Diamond Council (ADC) & African Diamond Producers Association (ADPA), not only mirrors the recent INDABA event in Cape Town, but also clarifies his thoughts on the G7’s push to sanction Russian diamonds.
