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.


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

Polymetal gold production up 3% in H1 2023

09 august 2023

In the first half of 2023, Polymetal gold equivalent production increased 3% year on year to 764 000 ounces.

In total, the company produced 213,000 ounces at its Kazakh enterprises and 551,000 ounces at its Russian projects. Production in the second quarter of 2023 increased 22% year-on-year to 423 000 ounces. The main reason for the positive dynamics was the increase in production at Albazino (Kutyn) and Nezhda mines.

The company maintains the production forecast for 2023 of 1.7 million ounces of gold equivalent (1.2 million ounces in Russia and 500 000 ounces in Kazakhstan)

Revenue for the reporting half of the year increased by 25% compared to the same period last year to $1,315 billion due to a recovery in sales in Russia and rising gold prices.

Meanwhile, on August 7, Polymetal announced the completion of the transfer of its headquarters from Jersey Island to the Astana International Financial Center (AIFC) in Kazakhstan.

"The company confirms that its premium listing is now in Kazakhstan. The resumption of trading on AIX will be announced later, after the company completes all technical procedures," Polymetal said in a statement.

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