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

Chile reports new monthly decline in copper production

04 july 2023

Chile, the largest copper producer in the world, reported another monthly decline in copper output in May, Bloomberg reported on Friday.

The South-American country accounts for about a quarter of the world's copper production and the new report raises concerns about the supply.

Copper output in Chile dropped 14% year-on-year in May to 413,083 tons, according to the country’s INE statistics agency. Project delays at Codelco, the largest producer, have been a major factor in the plunge to the lowest output figures in a quarter century. Recent rains that disrupted work at some mines in central Chile dimmed June’s production outlook.

There is a glimmer of hope however as manufacturing production in the country decreased less than expected by 1.2% in the period, the INE added. Economists polled by Reuters had forecast a 4.5% drop.

Project wobbles, mine-specific setbacks and plant maintenance have hindered Chilean output of late, providing an offset to China’s slower-than-expected economic recovery in a market that appears to lack clear direction.

Theodor Lisovoy for Rough&Polished