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
Oksana Senatorova: The trend is a decrease in regional jewelry retailers and an increase in large federal store chains
28 may 2024
Oksana Senatorova has long been known in the Russian jewelry community as an expert in the jewelry market. During her visit to the Junwex New Russian Style exhibition held in May in St. Petersburg, Oksana Senatorova answered the Rough&Polished correspondent’s questions.
De Beers collaborates with sightholders on carbon neutrality
20 may 2024
In 2021 De Beers, which has operations in southern Africa and Canada, set an ambitious target of becoming carbon neutral by 2030. The diamond miner had been working with its rough diamond customers known as sightholders to understand their environmental commitments and journey towards carbon neutrality.
Dr M'zée Fula Ngenge: KP has an opportunity to deliver an updated definition of conflict diamonds
13 may 2024
Dr M'zée Fula Ngenge told Rough&Polished’s Mathew Nyaungwa that the KP has the perfect set of circumstances to restore the certification scheme's credibility by backing, ushering in and implementing an effective traceability solution for the global diamond industry as well as the entire gemstone industry.
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.
