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

Rajasthan approves land allotment for Jaipur Gem and Jewellery Bourse

31 august 2023

Indian State Rajasthan has approved the allocation of approximately 44,000 square meters of land for the establishment and development of the Jaipur Gem and Jewellery Bourse, as reported in gjepc.org.

This joint collaboration between the Gem & Jewellery Export Promotion Council (GJEPC) and the Jewellers Association Jaipur is set to invigorate the export of gems and is anticipated to generate a host of employment opportunities, bolstering both the local economy and the state's overall progress.

Mr Vipul Shah, Chairman of GJEPC, declared, “The Rajasthan Govt.’s approval for the land allotment is a watershed moment for our gem and jewellery industry. This step will pave the way for a state-of-the-art trading platform that will attract global attention and fortify Jaipur's position as a global gem and jewellery hub.”

The Gem Bourse project is anticipated to generate approximately 60,000 direct and indirect employment opportunities, injecting vitality into the local workforce and economy. This infusion of jobs is expected to yield a positive cascading effect, influencing various sectors and contributing to the broader socio-economic development of the state.

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