Varvara Dmitrieva: The jewelry industry of Yakutia is distinguished by its creativity, unique cultural code and conservation of traditions

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...

16 april 2024

Valery Budny: There is no strategy and legislation in Russia enabling the full cycle processing of precious raw materials within the country

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.

11 april 2024

Paul Zimnisky: Natural diamonds face the risk of eroding their appeal if constantly discounted

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...

01 april 2024

Edahn Golan: Lab-grown diamond prices to continue declining

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...

25 march 2024

ADPA’s Ellah Muchemwa: G7 restrictions to bring extra costs from diamond mining to retail

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...

18 march 2024

Australia's Burgundy to complete the purchase of Canada Ekati Mine

22 june 2023
By 30 June 2023, the sale of Ekati, Canada's first diamond mine to Australia-based Burgundy is due to be completed.
This will be the second time the mine has changed hands in under two-and-a-half years. In February 2021, the Arctic Canadian Diamond Company acquired the deposit which is located 125 miles south of the Arctic Circle.
The reason was that the previous owners, Dominion Diamonds, had filed for insolvency. Ekati opened in 1998, seven years after diamond-bearing kimberlites were discovered.
Western Australia's Burgundy is paying $136m and the name 'The Arctic Diamond' will be retained.
It is said that Arctic Diamond has plans to flood the existing open pit and deploy a remote-controlled underwater crawler. This would be the first use of such technology to retrieve diamonds.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished