Varvara Dmitrieva: The jewelry industry of Yakutia is distinguished by its creativity, unique cultural code and conservation of traditions

Varvara Dmitrieva, Associate Professor and Head of the Department of Precious Stones and Metals Processing Technologies of the North-Eastern Federal University, told Rough&Polished about the results of the Forum of jewelry Craftsmanship and the prospects...

16 april 2024

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

Lithium project in Tyva to accrue 20 billion rubles of investment

18 september 2023

The Tastyg lithium deposit will be developed in the Republic of Tyva. Metal reserves there are estimated at almost 600 thousand tons, reports.

According to the head of the republic Vladislav Khovalyg, capital investments are estimated at 20 billion rubles until 2026.

The auction for the deposit will take place in October, but already the most likely candidate for the acquisition of the deposit is Elbrussmetall-lithium, a subsidiary of Rostec.

Earlier, the federal media got acquainted with the terms of the auction and found a clause stating that the future owner of the site should already have a license for the Tyrnyauzskoye field. There are plans to resume tungsten production at this deposit.

In addition to lithium, it is also possible to extract niobium (7.800 tons), tantalum (3.949 tons) and tin (21.400 tons) at Tastyg. It is estimated that the mine-life of the deposit will amount to about 30 years.

Alex Shishlo for Rough&Polished