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

Sri Lanka's President aims for $2bn annual export revenue from gems and jewellery industry

17 august 2023

Sri Lankan President Ranil Wickremesinghe urged officials in the gem and jewellery industry to swiftly provide comprehensive plans for achieving the country’s objective of bolstering annual export earnings through enhancements in the gems and jewellery exports and re-exports.

He stressed that progress toward this year’s target growth in the industry has not met the expectations compared to the previous year. Hence, he emphasized the necessity of implementing a well-structured strategy aimed at attaining an annual export revenue of at least two billion US dollars.

Furthermore, the President revealed that recommendations pertaining to tax policies for the advancement of the gems and jewellery sector were submitted to him by the Sectoral Monitoring Committee on Environment, Natural Resources and Sustainable Development.

President Ranil Wickremesinghe assured that the government is fully prepared to provide necessary support and facilities if a formalized plan to elevate the gems and jewellery industry in Sri Lanka is presented promptly.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished