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

Russia adopts draft law on artisanal mining

13 july 2023

The State Duma of the Russian Federation has adopted a bill to regulate the artisanal precious metals mining at non-industrial deposits in the country, TASS reports.

Currently, gold can be mined in Russia only from officially registered deposits, while depleted mines or small alluvial deposits that are unpromising for industrial development, cannot be developed legally.

The law introduces the concept of "artisanal mining activity", which means the activity of finding and extracting gold in artisanal areas and parts of water bodies, carried out by miners in accordance with the requirements established by the bill.

For the new rules, a three-year trial period was established, during which artisanal mining can be carried out in the Far East and the territories of the Arctic zone of Russia. After the pilot program ends, the new rules will apply to other regions of the country.

An alluvial site may be provided to a citizen of the Russian Federation registered as an individual entrepreneur for three years on a royalty-free basis. This period can be extended further.

Prospecting activities on an alluvial site are terminated upon expiration of the period of use or if the total amount of gold in chemically pure form mined by this individual entrepreneur in the area has reached 30 kilograms.

Prospectors will be required to submit reports in the form of a declaration of miners' activities.

Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished