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

ALROSA invested $15 million in ZCDC JV

01 august 2023

ALROSA has invested about $15 million in a joint venture (JV) with the state-owned Zimbabwe Consolidated Diamond Company (ZCDC), RIA Novosti reports.

ALROSA and ZCDC established a JV in December 2019 to explore new diamond deposits in Zimbabwe. Alrosa Zimbabwe, which is 70% owned by the Russian company, initially received exploration licenses for 25 concessions, and for another 15 concessions in September 2021.

Most of them were located in Manicaland, Masvingo and North Matabeleland provinces.

ALROSA noted that cooperation with Zimbabwe is currently being implemented through investments in exploration and construction of diamond mining enterprises. And the development of new diamond deposits will also allow Zimbabwe to take a leading role in the world diamond market.

"Today, the JV employees are conducting exploration at 40 sites in accordance with the issued licenses. This is a large-scale work. The further direction of the projects will be determined when the results are obtained," ALROSA added.

At the same time, when asked about its readiness to increase investments in other countries of the region, ALROSA said it is open to cooperation with other African partners.

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