News
Tharisa meets FY2026 guidance, Karo Platinum fully funded as net debt swings to $51m
Tharisa has reported full-year production in line with guidance for both platinum group metals (PGMs) and chrome concentrates, while confirming its Karo Platinum project in Zimbabwe is now fully funded following a $300 million bond issue.
Yesterday
Israel’s diamond sector poised for revival following tax reforms and De Beers comeback
De Beers, one of the world's major diamond market players, has announced the resumption of its operations in Israel after a nine-year absence, which became the latest sign of revival of the diamond industry in the country.
Yesterday
Kefi Gold and Copper restarts Tulu Kapi development after safety review
Kefi Gold and Copper has resumed development at its Tulu Kapi gold project in Ethiopia following a suspension that began on September 7 after a serious safety incident three days earlier.
Yesterday
Nornickel implements smart melt monitoring system
Norilsk Nickel has installed a smart melt monitoring system at its metallurgical plant in Norilsk in collaboration with Reksoft. The system uses computer vision to assist the converter operator in identifying phases during the tapping process.
Yesterday
ALROSA to help amplify Arctic agenda at UN
In preparation for the 31st UN Climate Change Conference (COP31), ALROSA experts and other stakeholders from Russia discussed a unified approach to strengthening the country’s position and the Arctic agenda at UN climate conferences.
Yesterday
The Desire to Wear Diamonds has not Changed
26 october 2009
Russian VIP-consumers of diamond jewelry told Rough&Polished they were not going to tuck them away into a box.
Ori Fluk: I do not see grounds for a rise in prices for rough diamonds in the nearest future
19 october 2009
YEI - Yahalomei Espeka International, a well-known Israeli company, which is an established sightholder of De Beers, has undergone re-structuring. Since July 31, 2009 YEI remains a holding company but stops trading activity. YEI – YDI (Yoshfe Diamonds International), a new affiliated company incorporated on August 1, 2009, carries out a full cycle of operations: manufacturing, aggregation and sales of diamonds. It is part of the YEI Group, which is a sightholder of DTC and the fourth company in Israel in terms of diamond export. The quality of polished diamonds and reliability of their deliveries remain the priorities pursued by YDI operating under the Fluk family. Ori Fluk, Executive Director of YDI Ltd. (whose father, Abraham Fluk, is the company’s founder and Chairman of the Board of Directors), answered the questions posed by the Rough&Polished observer.
Luc Claes, CEO of IGC Group: It would be good if De Beers and ALROSA can cooperate as business requires
12 october 2009
Luc Claes, CEO of IGC Group, a long-time Belgian diamond manufacture and DTC sightholder specialized in finest make diamonds, told in his interview to the Rough&Polished correspondent about the company’s current business.
World Diamond Council says no decision yet on whether to expel Zim or not from KP
05 october 2009
The Zimbabwean diamond saga had been a subject of much debate and confusion, as several stories had been and are still being told regarding the correct position of the Kimberley Process and its affiliates on this issue.
Chanaka Ellawala, Chairman of Facets Organizing Committee, Sri Lanka: It seems that the worst has been passed, and there are already positive indications of recovery
28 september 2009
The Facets Sri Lanka 2009 Gems and Jewelry Show held in Colombo in early September was one of the first probes in the run-up to the coming winter holiday sales embracing major jewelry markets world-wide. Chanaka Ellawala, the head of the Facets Organizing Committee, found time to share his opinion of the situation in the industry and on the market with the Rough&Polished Agency.
Nikolai Afanasyev: If the markets in the United States and Eurozone will reach 70% of the pre-crisis level in two years this will be a great success
22 september 2009
Nikolai Afanasyev, Deputy General Manager and Sales and Marketing Director of OAO Kristall, a production association based in the City of Smolensk, answered the questions posed by the Rough&Polished correspondent:
Jeweler 2009: the crisis has not wiped out the Russian jewelry market… so far
21 september 2009
The 10th of September was the last day of the Jeweler 2009 Exhibition in Moscow’s Sokolniki area. Rough&Polished probed the mood of some of its exponents.
Lynette Gould, De Beers Group: Consumers’ Desire for Diamonds Remains Strong
14 september 2009
Lynette Gould, De Beers Group: "Recent market research from the US and China, also, confirm that consumers’ desire for diamonds remains strong. As economic conditions improve, emerging demand, coupled with the decline in long-term diamond supply, will form a positive foundation for future growth in diamond prices."
Valery Morozov: ‘We have no intention to close up our business in Russia until we have a possibility of purchasing the raw stock abroad.’
08 september 2009
Valery Morozov is the Chairman of the Board of Directors, Ruis Group of Companies. Being a holding company, Ruis Group has been operating in the diamond industry in the CIS territory. The company is structured as a vertically integrated holding, encompassing the companies engaged in diamond mining and cutting, jewelry production and its own jewelry retail chain. Ruis GC is affiliated with the international holding Leviev Group of Companies (LGC). The Group's activities in Russia started as far back as in 1990 with setting up Ruiz Diamonds Joint Venture on a parity basis with LGC and Glavalmazzoloto (General Department for Diamond and Gold Mining). Nowadays, the structure of Ruis GC comprises the following enterprises: Ruis Diamonds Lapidary Works, Moscow Jewelry Factory (jewellery production and sale), and Uralalmaz Diamond Enterprise.
Diamonds Add an Aura of Power to Jewelry Pieces
31 august 2009
Ilgiz Fazulzyanov: “Diamonds add portliness, an aura of power and luxury. They are always present in my jewelry pieces, though beside them there may be inexpensive stones – I want to show the beauty of all gems.”
