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

PGM research institute opens in Shanghai

03 july 2023

The PGM Institute, focusing on applications for platinum group metals, was opened at the inaugurating Platinum and Precious Metals Centre (PPMC) Summit in the Lingang Special Area of Shanghai Free Trade Zone.

The institute was inaugurated on June 28 at an event that attracted dozens of industrial leaders and top researchers, Shanghai Daily reported. The research body aims to attract top experts from around the world to build a first-class talent pool, joining forces from industry, academia and research to build an international technology and innovation platform in the field of platinum group metals.

"We will take full advantage of the new PMG Institute, in coordination with the technology center PPMC and PGM technology company, to build a platform for research exchange, industrial upgrade, trade development and institutional innovation," Yang Jing, chief financial officer of the Lingang Group, said at the opening ceremony.

Song Yuqin, an industrial veteran and former vice chairman of the Shanghai Gold Exchange, expressed his high hopes for the institute in his keynote speech.

"Focusing on research services, the institute will build an international science and innovation platform that covers all sections of the industrial chain, accelerate applications of new technologies, develop the market environment for application on a large scale, help with technological advancement and promotion of platinum group metals around the world, and help with the industry's overall development and upgrade."

China is currently the world's largest consumer of platinum group metals, accounting for about 30 percent of global demand.