Dmitry Fedorov: I want our jewelry to be displayed at a museum in the future

Dmitry Fedorov is the founder of the eponymous jewelry house. His main focus is the creation of Orthodox-inspired premium luxury jewelry of high artistic merit. He told Rough&Polished about his journey in the jewelry industry, about choosing the ‘Orthodox...

28 october 2024

Responsible business practices ‘no longer optional’, says WDC President Feriel Zerouki

The president of the World Diamond Council takes time out of her busy schedule to tell Rough&Polished readers about the critical work of the WDC. Zerouki, the first female present of the body, which includes all the important industry organizations among...

14 october 2024

James Campbell: Botswana Diamonds optimistic as it enters uncharted territory of using AI for mineral exploration

London-listed Botswana Diamonds has expressed optimism about the company’s use of artificial intelligence (AI) to scan the exploration database in Botswana to look for new mineralised deposits. Company managing director James Campbell told Rough...

07 october 2024

Artur Salyakayev: For me, happiness is freedom to make my ideas happen and create valuable products

Artur Salyakayev is an art entrepreneur, founder of the International Jewelry Academy (IJA) and the INCRUA jewelry company. He has initiated and developed successful projects in jewelry industry and services sector. He is also a leading expert...

30 september 2024

Paul Zimnisky: China key for sustained recovery in demand for natural diamonds, prices

The curtailing of upstream and midstream natural diamond production in the past months is starting to have an effect on prices, according to the New-York-based independent diamond and jewellery analyst and consultant, Paul Zimnisky. He told Rough & Polished’s...

23 september 2024

The G7 failed to make final decision on Russian gold imports

29 june 2022
European Council President Charles Michel and German Chancellor Olaf Scholz said at the G7 summit that the issue of a ban on Russian gold imports should be discussed further.
"A move by Britain, the United States, Japan and Canada to ban new imports of Russian gold is being seen as largely symbolic within the global gold market as Russian exports to the West have already dried up," said Reuters noting that Russia, being one of the world’s largest gold producers, along with China and Australia, has practically stopped exporting this precious metal to the West since February 24.
According to the agency, Russian gold is bought by the country's central bank and domestic investors, as well as by buyers in Asia, where most countries have not imposed any sanctions against Russia. Carsten Menke, an analyst at the Swiss bank Julius Baer, has expressed the same view pointing out that Russia has redirected its gold exports eastwards and the impact of the G7 countries' ban on Russian gold is very limited.