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

Lucapa fully repays Equigold loan

06 july 2023

Lucapa Diamond has fully repaid all interest-bearing loans received from the gold exploration and mining business Equigold and the Industrial Development Corporation of South Africa (IDC) as of July 4.

Company managing director Stephen Wetherall said they paid the last $1.3 million in principal and interest on the initial $15 million Equigold loan, which was raised in 2018.

Furthermore, Lucapa’s 70%-owned Mothae Diamonds recently completed its final interest payment of R7.3 million to the IDC, completing the repayment of the IDC loan.

“The group will now seek to have all securities with respect to those loans released,” said company managing director Stephen Wetherall.

Lucapa repaid around A$30 million in debt and interest over 18 months.

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