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...

16 april 2024

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

Bolivia's lithium resource estimate up to 23 mn tons

21 july 2023

Bolivia's lithium resources are now estimated at 23 million metric tons, said the country's president, cementing its position as the global leader in lithium resources.

The new figure, reached after more than 66 wells were explored across the Coipasa and Pastos Grandes salt flats, is a notable increase from a previous estimate of 21 million metric tons.

During an event in the southwestern town of Coipasa, president of Bolivia Luis Arce presented the latest figures on how much lithium lies in the Coipasa and Pastos Grandes salt flats.

“The good news, which will certainly resonate internationally because it will consolidate the country as the planet’s largest global reserve of lithium, is that today we have not 21 million, we have 23 million tons of lithium in Bolivian territory,” Arce said.

Bolivia must “intelligently” manage its position as the world’s leading source of “this so valuable element,” he said.

Work will begin soon on the construction of a highway and high-voltage electric line to accommodate the Direct Lithium Extraction (DLE) plant to be built in Coipasa by Chinese consortium CBC, the president said.

Under the contract signed in January, CBC is to invest $1.4 billion in DLE facilities in Coipasa and at the Uyuni Salt Flat, which holds the lion’s share of Bolivia’s reserves.

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