News
Indian jewellers promote natural diamonds amid competition from lab-grown stones
Falling prices for lab-grown diamonds and their resulting rise in market share are transforming India’s diamond jewellery market and prompting jewellers to take proactive measures.
Today
Ethiopia opens first gold refinery to serve region
Ethiopia has inaugurated its first gold refinery, a $50 million joint venture that the government hopes will establish the country as a regional hub for precious metals processing, Prime Minister Abiy Ahmed announced over the weekend, according to Reuters...
Today
Anglo American bets R11.2B on South African mining's future
Anglo American has reaffirmed South Africa's potential as a premier mining investment destination, even as the company commits R11.2 billion ($677 million) to an ultra-high dense media separation iron-ore project at Sishen in the Northern...
Today
Nornickel forecasts $4 billion in precious metals revenue for 2026 - report
A senior Nornickel representative noted that the company expects to generate $4 billion in revenue from precious metals sales this year.
Today
Russia to build first permanent REM magnet plant
In 2028, Russia is set to start the construction of its first plant for manufacturing permanent magnets from rare-earth metals (REM) in the city of Glazov, to be commissioned in 2029 with an initial capacity of 500 tonnes per year, said Andrey...
Today
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.
Nosiphiwo Mzamo: South Africa's State Diamond Trader wants more cutting and polishing centres by 2027
19 february 2024
South Africa’s State Diamond Trader (SDT), which is mandated to buy and sell rough diamonds as well as promote beneficiation and equitable access to the country’s diamonds, is targeting having 20 cutting and polishing factories in the country by 2027, up from the current 13.
Vipul Shah, Chairman of GJEPC: Indian manufacturers are making cautious decisions to align inventory with demand
12 february 2024
Vipul P Shah as Chairman of the Gem & Jewellery Export Promotion Council of India (GJEPC) has been at the forefront to drive export demand. Here, in an exclusive interview with Rough&Polished, Vipul Shah opines on the various challenges being faced by the Indian gem and jewellery industry.
James Campbell: Botswana Diamonds optimistic of receiving Thorny River mining permits this year
05 february 2024
Botswana Diamonds had hoped to commence operations in the second half of 2023 at the Thorny River hard rock kimberlite dyke system in South Africa; however, the company was unable to secure the necessary mining permits in time.
Underground operations are the most economical approach to extend Jwaneng mine's lifespan – De Beers
29 january 2024
Debswana, a 50/50 joint venture between De Beers and Botswana's government, recently announced plans to make an initial investment of $1 billion in the Jwaneng underground project. In an exclusive interview with Rough & Polished's Mathew Nyaungwa, a De Beers spokesman said that feasibility studies revealed that transitioning to underground operations was the most economically viable option for extending the Jwaneng Mine's long-term future.
Simon Njovu, Board Chairman of Small Scale Miners Association Of Zambia (SSMAZ) : We need to support the ASM sector
22 january 2024
Simon Njovu is currently the Board Chairman of The Small Scale Miners Association of Zambia (SSMAZ). Here, in an Exclusive Interview with Rough&Polished, Simon Njovu explains in detail, giving an insight into the workings of SSM & Artisanal miners of Zambia based on his experience in the sector.
Rahesh Sutariya, Managing Partner, Limpid Star: We are now setting our sights on the European and US markets, which have the most potential for growth in 2024
15 january 2024
Rahesh Sutariya is the Managing Partner of Limpid Star. Here, in an Exclusive Interview with Rough & Polished, Rahesh Sutariya expresses his plans for the future of 'Limpid Star' with a clear-cut decision to stick to natural diamonds only!
Zimnisky: Angola's Luele is the only large-scale diamond mine to start production this decade
08 january 2024
Angola recently opened the Luele diamond project (formerly Luaxe) in Lunda Sul province. Independent analyst Paul Zimnisky told Rough & Polished’s Mathew Nyaungwa that Luele is the only large-scale, multi-million-carat per-year diamond mine to start production this decade.
