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
Igor Tikhov: Preserving Relationship is Most Important for Viable Post-Crisis Development
24 august 2009
OAO Krastsvetmet is the world’s biggest plant engaged in industry-wide affinage of all the six elements of the platinum group of metals, as well as gold and silver. Currently, about 98% of Russia’s platinum and palladium, virtually 100% of platinum-associated metals and around 50% of the country’s gold are processed at this enterprise. Krastsvetmet’s products are included into the Good Delivery List circulated by such international commodity exchanges as LBMA (London), NYMEX (New York) and ТОСОМ (Tokyo). Igor Tikhov, the company’s general manager, in his interview to Rough&Polished discussed the problems of the world market of precious metals and a possible merger between Krastsvetmet and Norilski Nickel.
De Beers will Continue to Take a Cautious Approach in Terms of Production and Sales
17 august 2009
Rough&Polished decided to make a blitz probe into the rough market and asked the representatives of De Beers (diamond mining) and Hardstone Processing (diamond polishing) for short interviews, to which they kindly agreed and here is what they said.
Maxim Voznesensky: Brand’s Soul Comes First
10 august 2009
JT - Jewellery Theatre, a luxury jewelry house, is one of a few Russian jewelry brands boasting an international rating. JT takes part in the Baselworld Show where its stand is traditionally located among the pace-setting jewelry houses of the world as well as in the Moscow World Fine Art Fair. The JT Company was founded by Irina Dorofeyeva and Maxim Voznesensky, jewelry artists, and besides its high-quality design it is noted for an unusual way of presentation: it appears to be a synthesis of several types of art (ornamental arts and crafts, graphic arts and theatre arts) where jewelry pieces like actors perform amid specially designed theatrical scenery accompanied by music and producing dramatic images for viewers. Maxim Voznesensky, JT owner, agreed to answer the questions filed by the Rough&Polished correspondent.
Asian Star Company Ltd.: “The biggest problem is the fluctuation of rough prices”
03 august 2009
Asian Star Company Limited is one of the world’s leading diamantaires and a DTC Sightholder. Their principal business activities include diamond manufacturing, jewellery manufacturing and retailing. The company has spread its marketing arms across three continents - Asia, Europe and North America where it has extensive manufacturing and marketing facilities. Mr. Himanshu Shah, the company’s director, has found time to answer the questions posed by the Rough&Polished correspondent.
Trau Bros: “Price will ultimately be the pivotal factor for any rough dealers to buy Russian goods or not”
27 july 2009
Trau Bros established in 1890 has since been a key diamond manufacturer in the heart of Europe, Belgium, expanding its diamond art worldwide through a network of 10 globally positioned offices. Directly linked to the world’s largest suppliers of diamonds - the DTC and ALROSA – the company is a solid source for consistent diamond assortments. Since 1988, Laurent Trau, Philippe and Didier Amiel, as well as David Trau represent the fifth generation of diamantaires working with the company. Philippe Amiel has kindly agreed to give this interview to Rough&Polished dwelling on some of the rough supply problems in the current economic downturn.
SAFDICO Antwerp: “We would be very interested in being supplied by ALROSA”
20 july 2009
Yves Alexis is the Managing Director of SAFDICO Antwerp, which is a part of the worldwide group standing for the South African Diamond Corporation. The company has its manufacturing facilities in South Africa, Botswana, Belgium and New York and is specializing mostly in goods for the high-end jewelry market as well as in fancy yellow diamonds and mainstream goods for the Far East market. In his interview to Rough&Polished, Mr. Alexis touched upon some problems currently facing the rough diamond market.
Kimberley Process responds to critics, seeks to tighten control systems
15 july 2009
Diamond-producing nations recently gathered in Namibia for the 6th Intersessional meeting of the Kimberley Process Certification Scheme. Rough & Polished caught up with the current KP chairperson who is also the Namibian deputy Mines and Energy minister, Bernhard Esau on the sidelines of the meeting to find out what were the objectives of this gathering, as well as tackle some of the ‘burning” issues that have been raised against KP and this is what we gathered.
Sergey Vybornov: “Diamonds bear no more blood on them than oil, gold or aluminum”
13 july 2009
The management reshuffle in ALROSA was commented to the Kommersant Daily by Sergey Vybornov in his last interview as the company’s CEO.
Gaetano Cavalieri: “Complete Openness is a Business Practice to Be Accepted by the Entire Industry Community”
06 july 2009
Dr. Gaetano Cavalieri is the president of CIBJO, the World Jewelry Confederation, from March 2001, when he was elected to this post at the CIBJO Congress in Paris. He has been involved with CIBJO for more than 12 years, representing the Wholesale Sector for Italy. Currently, Dr. Cavalieri acts as a consultant to the Italian Ministry of Industry and Commerce, and to the European Economic Commission in the areas of standards and taxes on gold. He also runs his own wholesale company, which was established nearly 200 years ago.
Alex Fray: “A transparent market will enable a fair value price to be reached”
29 june 2009
After the world economy will recover from crisis the foreground of diamond trade will be won by ventures aimed at turning these gems into an efficient investment instrument. DODAQ, the electronic diamond exchange in Antwerp, is the first venture of this kind. Alex Fray, its Chief Financial Officer, has found time to answer the questions posed by the Rough&Polished Information Agency.
