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

Most base metals fall on firm dollar, China worries

21 june 2023

Most base metals prices fell on Tuesday, as a strong dollar and an absence of details on further stimulus measures amid a rate cut from top consumer China weighed on sentiment, Reuters reports.

China lowered two benchmark lending interest rates as widely expected, amid efforts to shore up a slowing recovery, but the cut failed to lift metals prices on a lack of stimulus measures expected after the country released poor economic data.

The U.S. dollar rose broadly, while the yuan slipped after China cut rates, making greenback-priced metals more expensive to holders of other currencies, especially those in China, a traditional importer of metals.

Three-month copper on the London Metal Exchange was down 0.6% to $8,492 per metric tonne by 0231 GMT, while the most-traded July copper contract on the Shanghai Futures Exchange declined 0.1% to 68,440 yuan ($9,539.21) per metric tonne.

LME aluminium edged down 0.1% to $2,238 per metric tonne, nickel fell 0.8% to $22,330, zinc shed 0.6% to $2,421.50, lead eased 0.3% to $2,126.50, tin dipped 0.4% to $26,800.

SHFE nickel declined 1% to 168,490 yuan per metric tonne, zinc lost 0.8% to 20,245 yuan, while aluminium rose 0.4% to 18,530 yuan, lead advanced 0.2% to 15,515 yuan and tin increased 0.3% to 217,090 yuan.

Alex Shishlo for Rough&Polished