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...

Yesterday

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

Copper eases as dollar firms, China data signals weak demand

04 july 2023

Copper prices eased on Tuesday as the dollar firmed, while weak economic data from top metals consumer China suggested a gloomy demand outlook, Reuters reported.

Three-month copper on the London Metal Exchange was down 0.4% at $8,365.50 per metric ton by 0327 GMT, while the most-traded August copper contract on the Shanghai Futures Exchange edged up 0.1% at 68,110 yuan ($9,412.40) per metric ton.

The dollar, which has been rising since mid-June on expectations of further U.S. rate hikes, was steady. A firmer dollar makes greenback-priced metals more expensive to holders of other currencies.

Copper prices, however, were supported by low inventories.

Combined copper stockpiles in LME, SHFE, COMEX and China bonded warehouses were last at 225,018 tons, down 55% from March and equivalent to only three days of global copper consumption in 2022, Refinitiv Eikon data showed.

LME aluminium eased 0.2% to $2,154 per metric ton, nickel shed 0.3% to $20,520, lead fell 0.4% to $2,084.50, tin dropped 0.8% to $27,155, while zinc was almost unchanged at $2,365.50.

SHFE aluminium dipped 0.1% to 18,025 yuan per metric ton, nickel eased 0.3% to 158,850 yuan, zinc fell 0.7% to 20,035 yuan, lead declined 0.4% to 15,530 yuan while tin rose 0.7% to 224,380 yuan.

Alex Shishlo for Rough&Polished