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.

Yesterday

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

A branch of Indian VDA Diamonds to open officially in Armenia in autumn

30 june 2023

The official opening of the diamond cutting plant, owned by the Indian diamond company VDA Diamonds, will take place this autumn in the city of Abovyan, news.am reports.

"The Indian company VDA Diamonds has been registered in Armenia since July 2022, and since the beginning of April this year it has already started the production process in Abovyan. It is a branch of an Indian company in Armenia. The company invested $10 million in a branch in Abovyan," said Arevik Margaryan, Head of the Department of Strategic Sectors of the Ministry of Economy of Armenia.

According to her, 7-8 companies operate in the diamond industry of Armenia, including the diamond processing company ADM Diamonds and CJSC Hay-Almast, which imports rough diamonds from the Russian company ALROSA.

Diamonds are exported from Armenia mainly to the CIS countries, the EAEU and some other countries.

"Tiffany's, Cartier, Patek Philippe, Hermes and other well-known brands buy diamonds cut in Armenia. Arevakn and Shoghakn companies operate in the sector, from which Tiffany and other leading international companies officially purchase diamonds. They provide this quality," Margaryan said.

Alex Shishlo for Rough&Polished