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

Glencore-Merafe H1 ferrochrome output takes a knock

18 july 2023

JSE-listed Merafe Resources’ attributable ferrochrome production from its 20.5%-owned Glencore Merafe Chrome Venture in South Africa fell by about 9% to 185 000 tonnes in the six months ended 30 June 2023 compared to 203 000 tonnes in the prior comparative period.

It said the drop in output was due to a planned pullback in production.

“Only the Lion smelter is scheduled to operate over the three-month high electricity demand winter season, a period of elevated power prices,” said Merafe.

Merafe’s attributable ferrochrome production from the Glencore Merafe Chrome Venture had been on a downward trajectory as it decreased by 5% to 97 000 tonnes for the quarter that ended 31 December 2022 from 102 000 tonnes, a year earlier.

However, full-year production increased by 1.3% to 384 000 tonnes in 2022 compared to 379 000 tonnes for the year ended 31 December 2021.

It said these production levels were achieved despite the Eskom load curtailments that affected operations.

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