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

Russia's gold reserves remain stable for two months in a row

21 august 2023

Gold reserves in the Russian Federation did not change in July and amounted to 2,329.6 tons (74.9 million ounces). In June, reserves also remained unchanged, said RIA Novosti with reference to the Bank of Russia.

At the same time, the value of gold in reserves in July 2023 increased by 2%, to $145.783 billion. The share of gold in the country's international reserves increased from 24.54% to 24.71% in value terms.

In March this year, the Bank of Russia resumed the publication of data on the volume of gold in the international reserves of the Russian Federation after a one-year break.

At the end of 2022, the reserves of monetary gold in the international reserves of the Russian Federation decreased by 0.14%, or by 3.11 tons, to 2298.55 tons. In previous years, Russia was accumulating gold reserves.

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