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

Pentagon has strategic germanium stockpile but no gallium reserves

11 july 2023

The Pentagon holds a strategic U.S. stockpile for germanium but currently has no inventory reserves for gallium after China announced export restrictions on the two metals used in semiconductors, Reuters reported.

"The (Defense) Department is proactively taking steps using Defense Production Act Title III authorities to increase domestic mining and processing of critical materials for the microelectronics and space supply chain, including gallium and germanium," its spokesperson said.

Germanium is used in high-speed computer chips, plastics and military applications such as night-vision devices, as well as satellite imagery sensors. Gallium is used in radar and radio communication devices, satellites and LEDs.

China's abrupt announcement on Monday of controls from Aug. 1 on exports of some gallium and germanium products, also used in electric vehicles (EVs) and fibre optic cables, has sent companies scrambling to secure supplies and bumped up prices.

While major defense contractors like Lockheed Martin Corp may not buy gallium and germanium directly, they likely purchase semiconductors from suppliers who source Chinese gallium and germanium, said, executive director for the National Defense Industrial Association’s Emerging Technologies Institute.

Restrictions on that supply potentially “slows down the production of DoD systems” or “ratchets up the cost,” he said.

However, Dak Hardwick, vice president of international affairs at the Aerospace Industries Association, said the export restrictions will likely have little short-term impact for defense companies, which tend to buy materials for critical systems far in advance.

The latest move by China has ramped up a trade war with the U.S. and could potentially cause more disruptions to global supply chains.

Hardwick said the Pentagon will eventually have to find alternate sources for gallium and germanium “whether it's direct mining, direct manufacture, direct refining or production, or from a recycling program from obsolete equipment,” adding that the restrictions could spur U.S. lawmakers to increase investments in critical minerals.

Alex Shishlo for Rough&Polished