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
Valentin Skurlov: Over the past 25 years, Fabergé Researches have progressed to discussing the new approaches to studying Fabergé’s legacy
03 march 2025
Valentin Skurlov is an Honorary Academician of the Russian Academy of Arts (St. Petersburg), art historian, professor, Scientific Secretary at the Fabergé Memorial Foundation, consulting researcher in the Fabergé’s masterpieces at the Russian Art Department of Christie’s Auction House selling antiques, and an expert in valuing treasures of art belonging to the Ministry of Culture of the Russian Federation.
Valery Budny: In the current economy, domestic jewelry manufacturing continues thanks to new technologies introduced over the past two decades
25 february 2025
In February, JUNWEX St. Petersburg 2025 International Jewelry Industry Forum, one of the most significant projects of the “Jewelry Russia” Unified Exhibition Program, was held in St. Petersburg. Valery Budny, Head of the Jewelry Russia Program and CEO of the RESTEC JUNWEX Media Holding, told Rough&Polished about the past event recently held, about the status of St. Petersburg as Russia’s jewelry capital, about the latest trends in the jewelry industry, as well as the forecasts for the future and his future plans.
Tshepo Molusi: South Africa establishes dedicated diamond retail shop in China
17 february 2025
T3 Diamonds founder Tshepo Molusi told Rough & Polished’s Mathew Nyaungwa at the inaugural South Africa Diamond Show in Cape Town that the shop opened an opportunity for diamond manufacturers under the incubation to export their products to China. He said he was elated by the move as most of their products were previously sold locally.
Nosiphiwo Mzamo: South Africa’s State Diamond Trader to buy diamonds from other African countries
10 february 2025
South Africa’s State Diamond Trader (SDT) is set to buy diamonds from other African countries starting with Botswana. SDT’s chief executive Nosiphiwo Mzamo told Rough & Polished’s Mathew Nyaungwa at the country’s inaugural diamond show, which recently took place on the sidelines of the African Mining Indaba in Cape Town, that they will not be limited to a 10% run of mine, as is the case when they purchase local goods.
Edahn Golan: Halo effect from lab-grown diamonds driving high demand for large, 2-carat natural stones in the U.S.
27 january 2025
Edahn Golan, owner of the eponymous Edahn Golan Diamond Research and Data, told Rough & Polished's Mathew Nyaungwa in an exclusive interview that their research found a halo effect from lab-grown diamonds. He said the trend among lab-grown diamond (LGD) consumers to purchase larger and higher clarity LGs influences natural diamond buyers.
Paul Zimnisky: We will see a modest recovery in natural diamond demand and prices in 2025
13 january 2025
According to Paul Zimnisky, an independent diamond and jewellery analyst and consultant based in the New York metro area, the natural diamond industry will see a modest recovery in demand and prices this year. Zimnisky said a moderate recovery would require a stable U.S. and a slightly better China, which he sees as a possibility this year.
African Diamond Council makes traceability its top priority, wants KP to embrace Authentia.io
16 december 2024
The African Diamond Council (ADC) has made traceability its foremost priority and has been contributing to a traceability solution called Authentia.io for the last three and a half years, which is now ready to globally satisfy the traceability needs of the entire gemstone industry.
Gaetano Cavalieri: CIBJO leading the jewelry industry on critical issues
09 december 2024
One of the gem and jewellery industry’s most well-known and respected personalities, Dr. Gaetano Cavalieri, has been the president of the World Jewellery Confederation (CIBJO), for the past 23 years. CIBJO is the oldest international organisation in the jewellery sector, having originally been established in 1926.
Alexander Kolyadin: In my opinion, the term “LGD” is obsolete and incorrect
02 december 2024
As Rough&Polished recently reported, Russian scientists and engineers set a new record in the fall of 2024 when New Diamond Technology (NDT) company, jointly with NPK (Scientific and Production Complex) Almaz, created the world’s largest nitrogen-free single crystal diamond (colorless, type IIa) weighing 70.72 carats.
Ahmed Bin Sulayem: Europe’s bid to inspect, approve diamonds from foreign jurisdictions an abusive overreach
26 november 2024
The Kimberley Process (KP) chairperson Ahmed Bin Sulayem who is also the executive chairperson for the Dubai Multi Commodities Centre (DMCC) told Rough & Polished’s Mathew Nyaungwa Europe’s bid to inspect and approve of all diamonds emanating from foreign jusrisdictions is an “abusive overreach”.
