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

Eduard Gorodetsky: Currently we see high demand for synthetic diamonds for use in technology segment rather than in jewelry

Director General of the Advanced Synthetic Research Center Eduard Gorodetsky told Rough&Polished about the current situation at the company, new exclusive technologies in the synthesis and production of lab-grown crystals, as well as the Research Center’s...

11 march 2024

Harmony to meet annual guidance for FY 2023

26 june 2023

JSE-listed Harmony Gold is expecting to meet its annual guidance for the financial year (FY) 2023 with strong production performance and higher recovered grades.

Company chief executive Peter Steenkamp said they continue to deliver excellent underground-recovered grades from their South African operations, underpinned by a strong perfomance from Mponeng mine.

Production for the group will be towards the upper end of FY 2023 guidance of between 1 400 000 and 1 500 000 ounces while all-in-sustaining costs will remain below R900 000/kg, as projected.

He said underground recovered grades will be higher than the guided 5.6g/t for FY 2023.

“We have maintained a robust and flexible balance sheet as we continue into the second year of our higher capital expenditure programme in line with our growth ambitions,” said Steenkamp.

“This growth programme will improve the quality of our ounces by allocating necessary capital towards our higher-grade underground mines and higher-margin surface and international operations.”

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished