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

Nordgold bolsters local communities in Africa

27 july 2023

Georgy Smirnov, CEO of Nordgold, spoke with TASS news agency before the Russia-Africa summit about the specifics of the company's operations in Africa and about its projects to develop communities in the region.

Smirnov shared the details of the projects that Nordgold has implemented over the 15 years of its presence in Africa which coincides with the date of the company's foundation. For example, Nordgold built a clinic in Lero, Guinea, a town next to the company's gold mine, and 10 years ago, it built the Tiben reservoir near the Bissa mine, helping local farmers grow crops all year round.

According to Smirnov, this has to do with the company's strategy of developing projects from the earliest stages and its desire to maximize the use of local resources, including hiring local staff.

"We always observe and look first and foremost at potential opportunities of our projects, and we are not afraid to develop them, as to say, from scratch, or from an early exploration stage," Smirnov said in an interview with TASS.

"Working with projects in the early stages is more difficult than buying existing enterprises, but this has never scared us."

Nordgold manages gold mining operations in Russia, Kazakhstan, Burkina Faso and Guinea and has a number of other promising projects.

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