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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
Mexico-focused miners bullish on silver despite price slump
Silver miners have seen margins dip as prices plummeted to US$17.77/oz at the start of September, bnamericas.com said. The metal has regained some ground, trading in the US$18-19/oz range in the last week, but some experts are warning of further potential falls in the near term.
“There are factors that have emerged over the last few months that suggest gold and silver prices have some further downside potential at least in the short term,” CPM Group’s Jeffrey Christian.
Capital Economics expects silver to end the year at US$18/oz, in part due to weak demand from the electronics industry, while BMO Capital Markets lowered its 2023 average price forecast by 6% to US$19.90/oz, Kitco News reported.
“But 3-5 years from now, we’re going to have higher silver prices,” said Dan Dickson, CEO of Endeavour Silver, which has two primary silver mines and three silver projects in the country.
This rise will be driven by growing demand from increased electrification, including in electronic devices, electric vehicles (EVs) and solar panels.
“With governments around the world pushing electric cars, and some cities banning fuel combustion cars, the automotive sector is going to have to produce a lot more electric cars, so that’s going to consume a lot of silver,” said Keith Neumeyer, CEO at First Majestic Silver, which operates the San Dimas, Santa Elena and La Encantada silver-gold mines in Mexico.
Mexico is the world’s dominant silver producer, with output of 5,600t (180Moz) in 2021, with Peru third at 3,000t, and Chile, Bolivia and Argentina all in the top 10, according to the US Geological Survey.
Alex Shishlo for Rough&Polished