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

Rosstat: Gold production in Russia in July down 12.3%

24 august 2023

Gold production in Russia in July 2023 decreased by 12.3% compared to the same period last year, as reported by TASS with a reference to Rosstat's data.

At the same time, gold production increased by 14.2% compared to June 2023.

In January-July 2023, Russia increased the production of raw, semi-processed and powdered gold by 5.5% compared to the first seven months of 2022.

Production of the main precious metals in Russia in July decreased by 2.8% year on year.

Earlier in June, Rosstat reported that gold production increased by 10.8% for the first six months of 2023 compared to the same period in 2022.

Rosstat does not provide absolute figures for the extraction and production of precious metals.

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